Structuring Mortgages for Macroeconomic Stability
收藏NBER2020-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27676
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资源简介：
We study mortgage design features aimed at stabilizing the macroeconomy. We model overlapping generations of mortgage borrowers and an infinitely lived risk-averse representative mortgage lender. Mortgages are priced using an equilibrium pricing kernel derived from the lender's endogenous
提供机构：
美国国家经济研究局
创建时间：
2020-08-01
