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There are, by now, several long term, time series data sets on important housing &...

This Selected Issues paper analyzes the United State's (U.S.) household savings role in...

U.S. household consumption declined sharply in late 2008, marking a departure from thetrend of a...

Most papers explaining the macro causes of the U.S. Great Recession focus on the behavior of the...

This paper analyzes the existence of “wealth effects” derived from net equity (in the form of...

The paper studies how high household leverage and crises can arise as a result of changes in the...