Staff research, Publications
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Booms and Busts in House Prices Explained by Constraints in Housing Supply
We study the importance of supply constraints in explaining the heterogeneity in house price cycles across geographies in the United States. -
Fire-Sale FDI or Business as Usual?
Using a new data set, we examine the characteristics and dynamics of cross-border mergers and acquisitions during emerging-market financial crises, that is, so-called “fire-sale FDI.” Our findings shed fresh light on whether the transactions undertaken during crisis periods differ in fundamental ways from those undertaken during more tranquil periods. -
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