a numerical simulation that takes the parameter space of renting versus purchasing homes to probabilistic estimate which … simulation suggests that the amortization scheme known as SAC for the mortgage system is a better choice in nearly two-thirds of …

's vulnerability to periods of heightened risk and uncertainty. This paper develops a framework to evaluate such vulnerabilities. It … and explore how they are affected by domestic and global risk. We apply this framework to ten OECD economies, showing the … Kingdom, show that a substantial degree of international risk sharing can occur through current accounts and international …