Publications

Strategic Analysis | January 2006

Are Housing Prices, Household Debt, and Growth Sustainable?

Rising home prices and low interest rates have fueled the recent surge in mortgage borrowing and enabled consumers to spend at high rates relative to their income. Low interest rates have counterbalanced the growth in debt and acted to dampen the growth in household debt-service burdens. As past Levy Institute Strategic Analyses have pointed out, these trends are not sustainable: household spending relative to income cannot grow indefinitely.


Publication Highlight

Working Paper No. 887
Trump’s Bait and Switch
Job Creation in the Midst of Welfare State Sabotage
Author(s): Pavlina R. Tcherneva
March 2017

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