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Housing Wealth Effects: The Long View

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NBER2018-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24729
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We provide new time-varying estimates of the housing wealth effect back to the 1980s. These estimates are based on a new identification strategy that exploits systematic differences in city-level exposure to regional house price cycles as an instrument for house prices. Our estimates of housing
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2018-06-01
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