An Equilibrium Model of Housing and Mortgage Markets with State-Contingent Lending Contracts
收藏NBER2017-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23452
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资源简介：
We develop a tractable general equilibrium framework of housing and mortgage markets with aggregate and idiosyncratic risks, costly liquidity and strategic defaults, empirically relevant informational asymmetries, and endogenous mortgage design. We show that adverse selection plays an important role
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美国国家经济研究局创建时间：
2017-05-01
