Accelerating Inflation, Nonassumable Fixed-Rate Mortgages, and Consumer Choice and Welfare
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This paper measures the impact of nonassumable, fixed-rate, long-term mortgage financing on household mobility and housing demand during a period of accelerating inflation (l965_71l). We calculate that typical households who bought houses during the l96l7l period and utilized this type of financing
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美国国家经济研究局创建时间：
1981-09-01
