Bhattacharjee, Arnab; Jensen-Butler, Christopher - In: Asian journal of economics and banking : AJEB 8 (2024) 2, pp. 146-161
Purpose - We propose an economic model of housing markets. The model incorporates the macroeconomic relationships … microeconomic model of search, matching and price formation. The model is applied to data on regional housing markets in England and … developed in future work. Practical implications - This paper develops a nice way of closing macroeconomic models of housing …