Is allowing borrowers to suspend mortgage payments an effective way to stabilize the economy during a recession? In a new working paper, Omeed Maghzian and I attempt to…
This paper estimates the impact of household liquidity provision on macroeconomic stabilization using the 2020 CARES Act mortgage forbearance program. We leverage…
What is the impact of the sharing economy, pioneered by companies such as Airbnb, on the housing market? In this paper, Sophie Calder-Wang estimates the welfare and…
What is the impact of the sharing economy, pioneered by companies such as Airbnb, on housing markets in expensive, supply-constrained cities? In “The Distributional Impact of…
A common root of political opposition to new housing development is spatial proximity or NIMBYism (`Not In My Back Yard’), where individuals may support new supply in general…
In theory, renters and homeowners disagree about proposals to build new housing in their communities, particularly if that housing is close to where they live. However, in…
