Continuous Workout Mortgages

Robert J. Shiller, Rafal M. Wojakowski, M. Shahid Ebrahim, Mark B. Shackleton

NBER Working Paper No. 17007
Issued in May 2011

---- Acknowledgments ----

We are grateful to Brent Ambrose, Kevin Atteson, Richard Buttimer, Peter Carr, Amy Crews Cutts, Bernard Dumas, Piet Eichholtz, Joseph Langsam, Douglas A. McManus, seminar participants at Maastricht University, ICMA Reading, Morgan Stanley NYC and conference participants at AREUEA Washington DC, Bachelier Congress Toronto and ASSA Denver for helpful suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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