%0 Journal Article
%T How can the risk from the mismatch between inflation rates in mortgage and labor markets be mitigated?
%A Dami¨¢n Galinsky
%A Martin Grandes
%J -
%D 2017
%R https://doi.org/10.17230/ecos.2017.45.3
%X This paper proposes a financial instrument to mitigate the risk of a mismatch between inflation and wage variations that would affect the repayment of inflation-indexed mortgages in relatively high inflation economies, where housing finance is at an incipient phase of its development. In particular, using the Argentine experience in 2016-2017, and the empirical evidence of the two preceding decades, three swap/insurance options are proposed and simulated that would allow the debtors to limit their exposure to inflation
%U http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/4881