Economic Progress

This is the effect of house prices on household borrowing

It is notoriously difficult to establish the causal relationship between house prices and borrowing. Image: REUTERS/Jason Redmond

James Cloyne

Associate Professor of Economics, University of California

Kilian Huber

Saieh Family Fellow in Macroeconomics, University of Chicago

Ethan Ilzetzki

Assistant Professor, London School of Economics

Henrik Kleven

Professor of Economics and Public Affairs, Princeton University

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Related topics:

Economic ProgressFinancial and Monetary SystemsSocial Protection

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