Thank you very much, erika. And thank you to my colleagues at the urban institute and the Lincoln Institute of land policy, putting together such a terrific program took excited to be here to talk with some my work with my coauthors at ucla and uc berkeley. First i wanted to take a couple minutes just to explain why my paper is different from the previous paper that was discussed. First our unit of analysis is typically when i look at these tiscali standardized cities but looking at cities just as they exist. We are not capturing these differences that andy laid out between baltimore and tampa but we are capturing the decisionmaking unit as opposed to maybe think about physically standardized cities as a people who live in the city center paying taxes and receiving services. We think about the decisionmakers in these cities. Our time. Is different. They are interested in the period after the Housing Market bust and we are interested in the boom. Also our measure where interested is hou
For him. This portion looks at the Lessons Learned from the housing and financial crises of 20072009, and what you cities have done since event to prepare for future market fluctuations. This is one hour 15 minutes. Its my pleasure to invite tracy gordon who is a senior fellow in the brookings urban tax policy center, she is a leading scholar and specialist in the air of state and local finance. We are so delighted to have her as part of the urban team and working on these issues, shes going to present work and research she done with colleagues at ucla, and kick off our next panel conversation. Tracy. Thank you very much, erika, thank you to my colleagues at the urban institute and the Lincoln Institute of land policy put together such a terrific program, very excited to be a today talk about some of my work with my coauthors at ucla and uc berkeley. First i wanted to take a couple minutes to explain why my paper is different from the previous paper that was discussed. First, argued of
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