Liquidity Constraints and Housing Prices: Theory and Evidence from the VA Mortgage
收藏NBER2004-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10611
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资源简介：
This paper employs a simple intertemporal model to show that presence of liquidity constraints can depress the price of a durable good below its net present rental value, regardless of the overall supply elasticity. The existence of price effects implies that the relaxation of liquidity constraints
提供机构：
美国国家经济研究局
创建时间：
2004-07-01
