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We use a recent policy experiment in Rio de Janeiro, the installation of permanent police stations in low-income communities (or favelas), to quantify the relationship between a reduction in crime and the change in the prices of nearby residential real estate. Using a novel data set of detailed...
Persistent link: https://www.econbiz.de/10010551294
The boom and subsequent bust in housing construction and prices over the 2000s is widely regarded as a principal contributor to the Financial Panic of 2007 and the subsequent Great Recession. As of this writing, housing market activity remains at depressed levels as the economy slowly resolves...
Persistent link: https://www.econbiz.de/10010551306
One of the most striking features of the period before the Great Recession is the strong positive correlation between house price appreciation and current account deficits, not only in the United States but also in other countries that have subsequently experienced the highest degree of...
Persistent link: https://www.econbiz.de/10010551311
Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724937
Remarks at the Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724940
Remarks at Queens Chamber of Commerce and Queens Economic Development Corporation, Flushing, New York City.
Persistent link: https://www.econbiz.de/10010724943
Remarks at Cornell University, Ithaca, New York.
Persistent link: https://www.econbiz.de/10010724954
Remarks at the University of Rochester, Rochester, New York.
Persistent link: https://www.econbiz.de/10010724955
Remarks before the Morris County Chamber of Commerce, Florham Park, New Jersey.
Persistent link: https://www.econbiz.de/10010724958
Remarks at United States Military Academy at West Point, West Point, New York.
Persistent link: https://www.econbiz.de/10010724961