housing supply and the income elasticity of prices, as well as bubble size and duration. The long-term elasticity of house … prices with respect to aggregate personal income averages 0.81, but varies considerably across metropolitan areas. The long …-term income elasticity generally is greater in the more supply-inelastic metropolitan areas, and we show that bubble size and …

past trends) and/or financial innovation can be seen as a cause for housing price bubbles in industrialized countries. From … emergence or absence of bubbles, yet these regulations might not be appropriately covered by standard quantitative indicators … Hauspreisentwicklung in den USA, Österreich und Großbritannien präsentiert, da diese Länder Fälle repräsentieren, in denen es a) eine …