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Stop and Start Consumption: the Cash for Clunkers Fiscal Stimulus

igmforum editor - September 3rd, 2010

By Atif Mian and Amir Sufi

Proponents of fiscal stimulus argue that targeted subsidies can spur consumers ... Read Cash for Clunkers article>

 

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Housing Bubble Fueled Consumer Spending

by Atif Mian and Amir Sufi
Wall Street Journal, June 25th, 2009

Using research funded by the Initiative on Global Markets at the University of Chicago’s Booth School of Business, Professors Atif Mian and Amir Sufi argue that the “rise in house prices from 2002 to 2006 was a main driver of economic growth during this time period, and the subsequent collapse of house prices is likely a main contributor to the historic consumption decline over the past year.”

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Posted in Credit Crisis |