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…
UCC08-15: We find that the foreclosure process varies widely across states and that the costs associated with foreclosure rise significantly with the length of the…
RR07-13: The effect of local land use regulations on housing markets has been the subject of extensive research and discussion among both urban economists and…