Federal Reserve Bank of Philadelphia Consumer Finance Institute: 'Housing Wealth and Consumption: The Role of Heterogeneous Credit Constraints'
March 15, 2026
March 15, 2026
PHILADELPHIA, Pennsylvania, March 15 (TNSLrpt) -- The Federal Reserve Bank of Philadelphia's Consumer Finance Institute issued a working paper in March 2026 entitled "Housing Wealth and Consumption: The Role of Heterogeneous Credit Constraints."
Here are excerpts:
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Introduction
The U.S. economy experienced a large financial crisis together with a large nationwide decline in house prices in 2007-2008. A deep recession with si . . .
Here are excerpts:
* * *
Introduction
The U.S. economy experienced a large financial crisis together with a large nationwide decline in house prices in 2007-2008. A deep recession with si . . .