Is allowing borrowers to suspend mortgage payments an effective way to stabilize the economy during a recession? In a new working paper, Omeed Maghzian and I attempt to…
This paper estimates the impact of household liquidity provision on macroeconomic stabilization using the 2020 CARES Act mortgage forbearance program. We leverage…
Carlos Martín, Michael Bueno, Michael Johnson, Francisco Montes, Riordan Frost
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January 31, 2023
Property improvement assistance programs often benefit renters last and least. Low-income renters, especially those living in small multifamily properties (those with 2-4…
Yonah Freemark, Riordan Frost, Carlos Martín, Jorge Morales-Burnett, Francisco Montes
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January 20, 2023
The 2021 Infrastructure Investment and Jobs Act (IIJA) is the largest single investment in the United States' public works in decades. Over the next five years, it will fund…