IN CONTEXT
The macroeconomy
Charles Goodheart (1936–)
1965 US economist Sherman Maisel is the first to explore the effects of residential investment on the economy.
2003 US economists Morris Davis and Jonathan Heathcote conclude that housing prices are related to the overall state of the economy.
2007 US economist Edward Leamer argues that housing construction trends are an early warning of recession.
2010 US mortgage-lenders Fannie Mae and Freddie Mac are delisted on the New York Stock Exchange after lowering underwriting standards during the subprime crisis (offering mortgages to those unable to repay).
Movements in the housing ...
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