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January 1975
The Federal Reserve Bank of Boston is pleased to publish
these papers on New Mortgage Designs for Stable Housing
in an Inflationary Environment presented at a conference
at MIT in January 1975. Continuing developments in both
the monetary and housing fronts bear out the importance
of finding ways to alleviate the impact of inflation
on housing. The conference was the culmination of a
study carried out at the Sloan School of Management
at MIT with the support of the U.S. Department of Housing
and Urban Development and the Federal Home Loan Bank
Board.
Contents
Entire Proceedings (16.1MB) 
Foreword
Frank E. Morris, John C. Weicher, and Donald M. Kaplan
Solving the Long-Range Problems of Housing
and Mortgage Finance
Frank E. Morris
Inflation and the Housing Market:
Problems and Potential Solutions
Donald R. Lessard and Franco Modigliani
Alternative Mortgage Designs
Richard A. Cohn and Stanley Fischer, with discussions by Henry B. Schechter, Kenneth J. Thygerson, and Donald P. Tucker
Relationships Between the Mortgage Instruments, the Demand for Housing
and Mortgage Credit: A Review of Empirical Studies
James Kearl, Kenneth Rosen, and Craig Swan. With discussions by Frank De Leeuw and George M. Von Furstenberg
Price-Level-Adjusted Mortgages in Brazil
Richard Anderson and Donald R. Lessard
Roll-Over Mortgages in Canada
Donald R. Lessard
The Financing of Housing in Finland With Special Reference to the Application
of the Index Clause
Pennti J.K. Kouri
Price-Level-Adjusted Mortgages in Israel
Alex Cukierman
Mortgage Innovation To Facilitate Investment in Housing:
The Case in Sweden
David L. Cohen and Donald R. Lessard
Experience with Variable-Rate Mortgages:
The Case of the United Kingdom
David L. Cohen and Donald R. Lessard. With discussions by Robert M. Fisher and Hirsh Tadman
Macroeconomic Simulations of Alternative Mortgage Instruments
Dwight M. Jaffee and James R. Kearl. With discussions by Henry J. Cassidy, James S. Duesenberry, and
Patric H. Hendershott
Tax and Regulatory Problems Posed by Alternative Nonstandard
Mortgages
Daniel M. Holland, with discussions by Jeremiah Buckley and Stanley Surrey
Overview
Rudy Penner
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