Taube, Paul M.; MacDonald, Don N. - In: Journal of Real Estate Research 4 (1989) 1, pp. 73-79
In this note, the choice of mortgage instrument in an inflationary environment was analyzed. Using Federal Home Loan Bank data on the proportion of loans closed as variable-rate mortgages for the period 1981 to 1987, it was found that higher anticipated inflation held with certainty increased...