Answers are grounded in this paper and cite their sources.
Jerome B. Baesel, Nahum Biger, The Allocation of Risk: Some Implications of Fixed Versus Index-Linked Mortgages, The Journal of Financial and Quantitative Analysis, Vol. 15, No. 2 (Jun., 1980), pp. 457-468
No takes yet. Share an insight, caveat, or question.
Baesel et al. (1980) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: