Housing is an important component of the consumption basket. Since both rental prices and goods prices are sticky, the … inflation proportional to the housing expenditure share. In a two-sector DSGE model with sticky rental prices and goods prices … housing expenditure share. Since production of housing services uses the stocks of housing intensively, large fluctuations in …

American ski resorts. To do so, we combine data on resort-area housing prices from two sources--data on average prices for U … snowfall in winter precipitation yield precise and consistent estimates of positive snowfall effects on housing values in both …

We investigate the behavior of the equilibrium price-rent ratio for housing in a standard asset pricing model. We allow … returns on housing and the price-rent ratio. Only the moving-average model predicts a positive correlation such that agents … survey evidence on the expectations of real-world housing investors. …