Housing, Credit Constraints, and Macro Stability: The Secondary Mortgage Market and Reduced Cyclicality of Residential Investment
研究二级抵押贷款市场如何通过缓解信贷约束,降低住宅投资的周期性波动,从而促进宏观经济稳定,对关注住房市场与宏观政策的研究者有用。
Housing, Credit Constraints, and Macro Stability: The Secondary Mortgage Market and Reduced Cyclicality of Residential Investment by Joe Peek and James A. Wilcox. Published in volume 96, issue 2, pages 135-140 of American Economic Review, May 2006