Journal Article

Collateral Damage: House Prices and Consumption During the Great Recession

Abstract: Did a decline in house prices cause the Great Recession? And if so, how? Credit constraints may be the key to answering those questions

Keywords: Great Recession; home buying; house pricing;


Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Economic Insights

Publication Date: 2019-07

Volume: 4

Issue: 3

Pages: 7-12