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Where's Calomiris's Paper?
Charlie Calomiris and two co-authors have a piece in today's Washington Post making an improbable case:
Most Americans have not experienced any significant decline in the value of their homes -- nor are they likely to.
"In our research," they continue, "we conclude that declines in house prices are highly likely to remain small". This sounds like fascinating research for me, so why on earth can't I read it?
An abstract has been up on SSRN.com for a month now, but there's no sign of the actual paper anywhere. If Calomiris et al are going to be talking about their research in the pages of the Washington Post, they really ought to make it available somewhere. Otherwise it looks as though they've got something to hide.
Update: The full paper's up now at SSRN.






