Dynamics of Housing Debt in the Recent Boom and Great Recession
Chapter in forthcoming NBER book NBER Macroeconomics Annual 2017, volume 32, Martin S. Eichenbaum and Jonathan Parker, editors
---- Acknowledgements ----
We thank the editors, Martin Eichenbaum and Jonathan Parker, and our discussants, Erik Hurst and Gianluca Violante, for very insightful comments and suggestions. We also benefited from many helpful discussions with participants at the NBER Macro Annual Meeting. All mistakes are of course our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.