Submission Statement: Article discussing new paper by Kenneth Rogoff and Yuanchen Wang; about how Housing Booms then Busts created prolonged underinvesment in Japan and China and not just because there is no money. Relevance because we care about housing prices a lot, especiallt the policy implications for what happens when housing becomes a big chunk of a countries wealth, and what might happen if prices depress to fast.
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Submission Statement: Article discussing new paper by Kenneth Rogoff and Yuanchen Wang; about how Housing Booms then Busts created prolonged underinvesment in Japan and China and not just because there is no money. Relevance because we care about housing prices a lot, especiallt the policy implications for what happens when housing becomes a big chunk of a countries wealth, and what might happen if prices depress to fast.
not for the lack of trying though