Reducing residential mortgage default: Should policy act before or after home purchases?

We examine two possible approaches to reducing residential mortgage default using a dynamic model of heterogeneous infinitely-lived agents acting optimally subject to uninsurable idiosyncratic earnings shocks and systemic house price shocks. We find higher down payments are very effective in minimiz...

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Detalles Bibliográficos
Autores principales: Wu, Yifei, Dorfman, Jeffrey H.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2018
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6053153/
https://www.ncbi.nlm.nih.gov/pubmed/30024904
http://dx.doi.org/10.1371/journal.pone.0200476

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6053153/
https://www.ncbi.nlm.nih.gov/pubmed/30024904
http://dx.doi.org/10.1371/journal.pone.0200476

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