Bebczuk, Ricardo; Demaestri, Edgardo - Facultad de Ciencias Económicas, Universidad Nacional … - 2014
Our paper sets up a simple model to assess, to the best of our knowledge for the first time, the relative pros and cons of housing downpayment and interest rate subsidies on the access to and the stability of the mortgage market. Our analysis unveils a number of relevant policy lessons for the...