The American Mortgage in Historical and International Context

By Richard K. Green, Susan M. Wachter. 2005

365 citations recorded by the source corpus.

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Failure to Refinance (2016, neutral): “This dominance of 30-year FRMs in the US is different from most other countries in the world and is likely an artifact of a relatively stable inflation history and a variety of public policies that promote this mortgage design ( Green and Wachter, 2005 ).”
Learning from Inflation Experiences (2016, methodology): “The information about fixed or variable rates is available only starting in 1983; however, variable-rate mortgages were largely non-existent in the U.S. prior to the 1980s (see Green and Wachter (2005)).”
HOUSING DYNAMICS OVER THE BUSINESS CYCLE (2016, neutral): “The home production models of Benhabib, Rogerson, and Wright (1991), Greenwood and Hercowitz (1991), and McGrattan, Rogerson, and Wright (1997) predict exactly the opposite pattern: that home investment lags the cycle and business investment leads the cycle.”
From the Subprime to the Exotic: Excessive Mortgage Market Risk and Foreclosures (2008, background): “However, housing finance systems vary widely across the industrialized world, due to differing government policies ( Green & Wachter, 2005 ).”