Household mortgage choice: theoretical and empirical evidence. A house is often the largest component of household assets, and financing its purchase involves choosing a mortgage product from many alternatives. Inefficiencies and incompleteness in mortgage markets have important consequences. This project uncovers theoretical and empirical evidence on why Australians choose particular mortgage products.
Discovery Early Career Researcher Award - Grant ID: DE130100967
Funder
Australian Research Council
Funding Amount
$375,000.00
Summary
Understanding the effects of sovereign default risk on economic fluctuations in open economies. The recent financial crisis has shown that the possibility of sovereign default is no longer an exclusive feature of developing countries. This project incorporates default risk into structural modeling of how foreign disturbances affect the domestic economy. Our results will aid in developing policy responses to adverse macroeconomic events.