If increased homebuilding does not raise inflation economy-wide, might it still make credit a bit more expensive by raising competition for credit?
If more direct effects on interest rates of increased homebuilding are smaller than effects on policy rates via lower rent-->lower inflation, should we surmise that US yimbyism may be a useful intervention for augmenting global development and reducing global poverty?
If increased homebuilding does not raise inflation economy-wide, might it still make credit a bit more expensive by raising competition for credit?
If more direct effects on interest rates of increased homebuilding are smaller than effects on policy rates via lower rent-->lower inflation, should we surmise that US yimbyism may be a useful intervention for augmenting global development and reducing global poverty?