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…
BABC 04-10: Spending financed by home equity extraction helps smooth household consumption and bolster the economy in economic downturns, but may reduce wealth…
Alexander von Hoffman, John Felknew
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January 5, 2002
W02-1: Over the last three decades the phenomenon known as urban or suburban sprawl has become the subject of enormous controversy. Critics have condemned unwanted urban…
This paper examines trends in prime-market mortgage lending to low- and moderate-income families and to families living in underserved areas, hereafter affordable lending,…