Housing and the Macroeconomy: The Role of Bailout Guarantees for Government Sponsored Enterprises
---- Acknowledgements -----
We have benefited from helpful comments by seminar participants at the Wharton macro lunch, the Banco de Espana, The Housing Conference at the Bank of Canada and the Federal Reserve Bank of Atlanta. Krueger thanks the NSF for financial support under grants SES-0820494 and SES-1123547. The views expressed herein are those of the authors and do not necessarily reflect the views of Mellon Capital Management, The Bank of New York Mellon, or the National Bureau of Economic Research.