This paper uses the P-star model to explain inflation dynamics in Turkey. In P-star models, money plays an important … information for explaining inflation dynamics. Moreover, the model selection criterion that compares the empirical performance of …

Using a national panel of housing units, this paper documents that the rate of nominal rigidities in housing rents is … in nominal terms. We then ask if the incidence of nominal rigidity depends on the turnover status of the housing unit. We … rigidities in housing rents. The household- and individual-level determinants of the nominal rigidities in rents, turnover status …

I study the general equilibrium of the housing market in an economy populated by over-lapping generations of households …. A contribution of the present paper is to solve for the housing market equilibrium in the presence of aggregate … resulting from stochastic changes over the lifecycle in tastes (or need) for housing. In this environment, profit …

degree of substitutability between housing services and other commodities together with a low share of owner-occupied houses …. We argue that regions or economies with a low share of owner-occupied houses are more prone to housing bubbles that are … driven by locally unstable rent dynamics. …

sufficiently sticky rent adjustment dynamics and a relatively rapid depreciation of per capita housing stock. …This paper presents a simple model of housing cycles in a two good economy. We establish that nonsubstitutability … between housing services and other commodities along with high degree of heterogeneity in home ownership may lead to a stable …

), both individually and in combination. Numerical experiments associated with a housing demand shock show that in a number of …