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

Book Series
Classical Economics Today: Essays in Honor of Alessandro Roncaglia
Edited by Marcella Corsi, Jan Kregel, and Carlo D'Ippoliti
Author(s): Jan Kregel
March 2018

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