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Do Credit Conditions Move House Prices?

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NBER2021-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29391
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To what extent did an expansion and contraction of credit drive the 2000s housing boom and bust? The existing literature lacks consensus, with findings ranging from credit having no effect to credit driving most of the house price cycle. We show that the key difference behind these disparate results
创建时间:
2021-10-01
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