You will write a paper that replicates a previously drafted article. (Measuring Housing Affordability)1. You will write up an outline that contains your project’s title, five sections with section names, a one-sentence research question, and a detailed data reference. In your outline, list ten studies you plan to review in the Literature Review section. In addition, include the regression equation (with variable names) you’re replicating (indexing variables to make it clear what is the unit of observation), and an idea for extending the model. (1-2 pages)2. You will present the paper from your list of ten that provides the best estimate of the causal effect and explain why the paper was superior. (1-2 pages)3. The final draft and code log. (6-8 pages)All papers must have five sections: Introduction, Literature Review & Economic Theory, Description of Data, Empirical Results, and Conclusion. Sections will be about five paragraphs in length and each paragraph about five sentences. This “5X5” suggestion is a rule-of-thumb and need not be followed exactly. However, papers must haves these three tables: Variable Descriptions, Summary Statistics, and Regression Results. Original figures are encouraged; copied figures are prohibited. Tables must be formatted exactly as described in class and References (in a Bibliography section) must be in APA format. Finally, all papers must write out as least one equation describing an empirical model in appropriate notation.