Campbell, John Y. (contributor); Cocco, João F. (contributor) - 2003 - [Elektronische Ressource]
Household Risk Management
and Optimal Mortgage Choice
John Y. Campbell
1
João F. Cocco
2
First draft: March 2001
This … therefore
a superior vehicle for household risk management. The welfare gain from mortgage
indexation can be very large.
1 … choice of a mortgage contract as a problem in household risk
management, and we conduct a normative analysis of this problem …