Household risk management and optimal mortgage choice

HIGHLIGHTS

• who: Mortgage, Choice and Permanent, link from the This Article was downloaded from Harvard University have published the research work: HOUSEHOLD RISK MANAGEMENT AND OPTIMAL MORTGAGE CHOICE, in the Journal: (JOURNAL) of June/18,/2002
• what: The authors compare these conventional mortgages with ination-indexed Žxed-rate mortgages of the sort proposed by Fabozzi and Modigliani , Kearl , Statman , and others. For computational tractability, the authors let each period in the model correspond to two years, but the authors report annualized parameters and data moments for ease of interpretation. In Section V on alternative parameterizations . . .
  

   

  

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