Date of Original Version
Response or Comment
Abstract or Description
Craig Swan  finds so little merit in our study of housing  that he is reduced to praising our "courage" and "vigor" in attacking "widely held views about the relation between the availability of mortgage credit and housing starts." He expresses considerable doubt, however, that the views we attack are, in fact, widely held, or held at all. They are, he believes, a straw man, and our analysis is not only wrong but misdirected.
Journal of Money, Credit and Banking, 5, 4, 973-978.