Patric H. Hendershott

• Changes in the relative incentives to invest in housing
• Level and Composition of Household Savings
• Regulation and reform of the housing finance system
• The Level and composition of household saving
• The neutralized money stock
• A brief description of a flow-of-funds model
• A flow of funds financial model
• An altered U.S. housing finance system
• An empirical analysis of the market for tax-exempt securities
• Are real house prices likely to decline by 47 percent?
• Debt usage and mortgage choice
• Endogenizing income statements of thrift institutions