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…
RR07-8: Nearly one-fifth of the rental housing stock is in smaller, multifamily apartment buildings with between 5 and 49 units. Even though relatively large shares of…
At the turn of the millennium, fully two-thirds of American households were owner-occupants. In addition, through the middle of the year in 2000, real home prices were rising…