Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market
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The U.S. mortgage market has experienced phenomenal change over the last 35 years. This paper develops and implements a technique for assessing the impact of changes in the mortgage market on households. Our framework, which is based on the permanent income hypothesis, that allows us to gauge the
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美国国家经济研究局创建时间：
2007-03-01
