We study mortgage design features aimed at stabilizing the macroeconomy. model overlapping generations of borrowers and an infinitely lived risk-averse representative lender. Mortgages are priced using equilibrium pricing kernel derived from lender's endogenous consumption. consider adjustable-rate with option that during recessions allows to pay only interest on their loan extend its maturity....

This chapter will provide an overview of the structuring concepts that are proposed for the coming UML 2.0. This will be done through an example. We will illustrate that these concepts are designed such that structuring applied to classes may be reflected in the corresponding structuring of the interactions between the parts of a class.