Mortgage Market Design
Harvard University
Download Document| Date Published | 2012 |
| Version | |
| Primary Author | John Y. Campbell |
| Other Authors | |
| Theme | Comparing Housing Finance Systems |
| Country |
Abstract
This paper explores the causes and consequences of cross-country variation in mortgage market structure. It draws on insights from several ?elds: urban economics, asset pricing, behavioral ?nance, ?nancial intermediation, and macroeconomics. It argues that the US has much to learn from the experience of other countries, and calls for deliberate experimentation with mortgage market design.