What is the microelasticity of mortgage demand to interest rates? Despite the importance of this parameter for models of monetary policy efficacy, little is known about the…
RR07-9: This paper considers what the appropriate design of government policies towards rental housing subsidies would be in the absence of the long and mixed legacy of…
W01-7: This paper studies the response of the housing market to immigration shocks. I find a positive association between immigrant flows and changes in rents in the…