The 2000s Housing Cycle With 2020 Hindsight: A Neo-Kindlebergerian View
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With 2020 hindsight, the 2000s housing cycle is not a boom-bust but a boom-bust- rebound. Using a spatial equilibrium regression in which house prices are determined by income, amenities, urbanization, and supply, we show that long-run city-level fundamentals predict not only 1997-2019 price and
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美国国家经济研究局创建时间：
2021-08-01
