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…
W09-2: Real estate owned (REO) housing resulting from the recent foreclosure crisis threatens to destabilize low- and moderate-income neighborhoods across the country.…
W00-1: Once upon a time the location of towns and cities, at least superficially, seemed to be largely determined by the preferences of kings, princes, bishops, generals…