Tag Archives: Housing Policy

Growth in Cities and Countries

From Chang-Tai Hsieh and Enrico Moretti: A large micro literature has documented the local forces leading to growth and decline of cities. This paper measures the consequences of these local forces on aggregate output and welfare. We use a Rosen-Roback model of … Continue reading

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The Cost of Letting the Housing Market Hit Bottom

A new op-ed from Carl Shaprio and Pascal Noel. When large, important parts of a modern economy fail, like the banks or the housing market, policy makers have a choice. They can do nothing and hope that the problems will … Continue reading

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