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index. One explanation of this boom is that it was caused by easy credit in the form of low real interest rates, high loan … rates, mobility, prepayment, elastic housing supply, and credit-constrained home buyers. The modest predicted impact of …
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American metropolitan areas with comparable geographic units in Brazil, China and India. Both Gibrat's Law and Zipf's Law seem … to hold as well in Brazil as in the U.S., but China and India look quite different. In Brazil and China, the implications … correlation between density and earnings is stronger in both China and India than in the U.S., strongest in China. In India the …
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Interest rate restrictions are among the most pervasive forms of economic regulations. This paper explains that these restrictions can be explained as a means of primitive social insurance. Interest rate limits are Pareto improving because agents borrow when they have temporary negative income...
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