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Journal Article
Thinking about the deductibility of state and local taxes
Journal Article
Income-tax progressivity: a century-old debate
Discussion Paper
Do households benefit from financial deregulation and innovation?: the case of the mortgage market
The U.S. mortgage market has experienced phenomenal change over the last 35 years. Most observers believe that the deregulation of the banking industry and financial markets generally has played an important part in this transformation. One issue that has received particular attention is the role that the housing Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, have played in the development of a secondary market in mortgages. This paper develops and implements a technique for assessing the impact of changes in the mortgage market on individuals and households. ; Our ...