Liquidity Constraints in the U.S. Housing Market
NBER Working Paper No. 23345
---- Acknowledgments ----
We thank Sonia Gilbukh for excellent research assistance, Jarda Borovicka, VV Chari, Morris Davis, Greg Kaplan, Ellen McGrattan, Karel Mertens, Giuseppe Moscarini, Kristoffer Nimark, Yaz Terajima, Gianluca Violante and Albert Zevelev for helpful suggestions, as well as Neil Bhutta for kindly sharing his data with us. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.