housing. We use a version of the Alonso-Muth-Mills model, calibrated to broadly match some of the features of a representative … factors such as: (i) the provision of transport infrastructure; (ii) zoning policies that limit housing density; (iii …) frictions on the production of housing; and (iv) population size. The empirical section of the paper shows that the model is …

been surprisingly little formal testing for the existence of a credit crunch in the context of the US housing market. In …

Developments in housing prices are of interest to households, policy-makers and those involved in the housing industry … macroeconomic impacts. However, the construction of measures of city-wide or nationwide average housing prices is not a … characteristics of the sample may change from period to period. As a result, widely used measures of growth in mean or median housing …

developments in housing and housing finance. The general conclusion is that financial and macroeconomic developments have increased … the demand for the stock of housing. Because the stock of housing is inherently slow to adjust, this has increased its …