This paper empirically and theoretically analyzes the effect of debt reductions that reduce long-term but not short-term obligations. Isolating the effect of future…
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…
Nancy McArdle, Amy Davidson, Denise Hines
•
July 30, 1999
W99-5: During the 1990s, U.S. population and employment have grown most quickly at the lower density fringes of metropolitan areas and in certain non-metropolitan…