The volatility of the business cycle and an extreme shortage of housing were the twin problems of American economic life in the years following the First World War. Under the…
In the years immediately following the First World War, economists in industry, government, and academia came to perceive data as the antidote to the interrelated crises…
Alexander Hermann, Thomas Shay Hill
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May 18, 2021
Home prices across the US rose significantly during the pandemic, bolstered by historically low interest rates, strong demand, and the tightest supply conditions seen in 40…
This paper is the first to give a detailed account of the variation of behavior across a large set of U.S. locations. Aside from a few articles that use simple variables to…
W00-5: The stock of residential units in the United States is constantly changing as units are added, demolished, or converted. This paper looks at the conversion of…