NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Mortgage Market Design

John Y. Campbell

NBER Working Paper No. 18339
Issued in August 2012

---- Acknowledgements -----

This paper is based on a keynote address to the annual meeting of the European Finance Association, delivered in Stockholm, Sweden on August 19, 2011. I am grateful to Tom Powers for able research assistance, and to an anonymous referee, Joao Cocco, Andreas Fuster, Stefano Giglio, Robert Hall, Howell Jackson, Anton Korinek, Parag Pathak, James Poterba, Tarun Ramadorai, Ulrich Seubert, Neil Shephard, Robert Shiller, and Arjen Siegmann for comments on earlier drafts. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for John Y. Campbell -----

All outside activities are disclosed on my website at

http://ws1.ad.economics.harvard.edu/faculty/campbell/files/outsideactivities_070512.pdf

None of these activities are relevant to the topic of this paper, with the possible exception of a paid talk to the Pension Real Estate Association in 2008.

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