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…
RR07-14: This paper seeks to examine the nature of that resistance, the reasons behind it, and how it can be overcome. In general, people who support multifamily rental…
W98-7: Due to the financing mechanisms currently available, homeowners tend to have too much of their portfolios invested in their homes and institutional investors have…