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You searched for: label/market-clearing prices

Industrial Policy

…benefits if well-designed, directed to address well-identified market failures, and based on competition-enhancing principles and sound cost-benefit analysis. Examples of market failure include a lack of know-how or capital-market imperfections…

Housing Affordability

…There has been growing concern about the affordability of homeownership in the United States, particularly for first-time homebuyers. The rapid rise in house prices during the pandemic has been followed…