It is my pleasure to comment on two very interesting papers. While very different in orientation—with the Boeing, Harten and Sanchez-Moyano (2022) paper addressing the search…
W04-13: Over the past 50 years, housing expenditures have accounted for more than one fifth of the nation’s gross domestic product. But housing’s influence on the…
BABC 04-10: Spending financed by home equity extraction helps smooth household consumption and bolster the economy in economic downturns, but may reduce wealth…