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…
Innovations in single-family home construction are badly needed. Studies show that every county in the U.S. is facing an affordable housing shortage. Homeownership is…
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…