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. 1036
The Estimation of Production Functions with Monetary Values
Author(s): Jesus Felipe, John McCombie, Aashish Mehta
January 2024

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