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Credit Supply and the Housing Boom

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NBER2015-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20874
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The housing boom that preceded the Great Recession was due to an increase in credit supply driven by looser lending constraints in the mortgage market. This view on the fundamental drivers of the boom is consistent with four empirical observations: the unprecedented rise in home prices and household
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2015-01-01
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