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Housing and Macroeconomics
M.
*
Piazzesi*,, M. Schneider*,
Stanford University, Stanford, CA, United States
NBER, Cambridge, MA, United States
Contents
1. Introduction 1549
2. Facts 1553
2.1 Quantities 1553
2.1.1 Constraints on the Supply of Housing 1555
2.2 Prices 1555
2.2.1 Excess Volatility of Individual Hou ...
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