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…
MF10-5: The U.S. mortgage finance system has gone from the envy of the world to a case study of failure in 2 short years. As recently as the 2003-2005 period the system…
W00-8: Housing is a crucial component of economic competitiveness. The growing spatial mismatch between where job growth is taking place and where people can afford to…