Abstract Since the 1972 US Clean Water Act, government and industry have invested over 1
trillion to abate water pollution, or 100 per person-year. Over half of US stream and river …

In this chapter, we review and discuss the large body of research that has developed over
the past 10-plus years that explores the interconnection of macroeconomics, finance, and …

This paper shows that a macro model with segmented financial markets can generate
sizable movements in housing prices in response to changes in credit conditions. We …

The market value of US single‐family rental assets totals more than $2.3 trillion. We provide
the first systematic analysis of total returns to single‐family rentals in a long, broad, and …

Why do homeowners default on mortgages? This paper studies the question using a survey
specifically designed for the purpose, with a sample drawn from (and matched to) very rich …

The objective of this article is twofold: first, we construct a new uncertainty measure that is
specific to the real estate sector; second, we compare our uncertainty measure to other well …

This article shows that macroeconomic uncertainty affects the housing market in two
significant ways. First, uncertainty shocks adversely affect housing prices but not the …

The market value of US Single Family Rental assets is $2.3 trillion, yet we believe that we
provide the first systematic analysis of total returns to Single Family Rentals over a long time …

Housing policy, as well as academic research, are increasingly concerned with the role of
bias in subjective dwelling valuations as a proximate measure of households' house price …

Using data on the universe of housing transactions in England and Wales over a 20-year
period, we document that sale prices and selling propensities are affected by house prices …