In the years immediately following the First World War, economists in industry, government, and academia came to perceive data as the antidote to the interrelated crises…
The volatility of the business cycle and an extreme shortage of housing were the twin problems of American economic life in the years following the First World War. Under the…
Alexander Hermann, Thomas Shay Hill
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May 18, 2021
Home prices across the US rose significantly during the pandemic, bolstered by historically low interest rates, strong demand, and the tightest supply conditions seen in 40…
Black American communities have faced disproportionate negative impacts from the COVID-19 pandemic, including higher rates of infection and pandemic-induced income loss. In “…
Black American communities have faced many disparate negative impacts of the COVID-19 pandemic, including higher rates of infection and pandemic-induced job loss. Given the…
Whitney Airgood-Obrycki, Ben Demers, Solomon Greene, Chris Herbert, Alexander Hermann, David Luberoff, Sophia Wedeen
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April 8, 2021
The COVID pandemic has had a particularly large impact on the financial well-being of renters in the US, and over the past year millions have struggled to pay rent. While…
Could the post-Great Recession drop in housing demand have been driven in part by an increase in mortgage credit spreads across borrowers? In a new Joint Center working…
What is the microelasticity of mortgage demand to interest rates? Despite the importance of this parameter for models of monetary policy efficacy, little is known about the…
