Recession Inflation

Reduce Costs And Retain Customers During Challenging Times

by Olivier Blanchard (Editor), Lawrence H. Summers (Editor)
Leading economists discuss post–financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability

The United States suffers from a shortage of well-placed homes. This was true even at the peak of the housing boom in 2005. Using a broad array of evidence on housing inflation, income, migration, homeownership trends, and international comparisons, Shut Out demonstrates that high home prices have been largely caused by the constrained housing supply in a handful of magnet cities leading the new economy.