Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … which housing price changes work as a wealth effect. In such models, windfall gains in housing always lead to positive … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing …

market, the labor market, the credit market and the housing market. A set of computational experiments, based on numerical … conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing … usually caused by falling housing prices. Often the authors find that an initial crisis can leave firms in a fragile state. If …

in asset prices, especially as regards housing, though no systematic effects are identified on equity markets …

internet platform for real estate to investigate the effect of Fukushima on the German housing market. Using a difference …

Entgegen der Regierungsmeinung, eine Preisexplosion im Wohnungsmarkt bremsen zu müssen, kommen wir zu dem Ergebnis …