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A dynamic model of housing demand : estimation and policy implications

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A dynamic model of housing demand : estimation and policy implications

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A Dynamic Model of Housing Demand : Estimation and Policy Implications

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how consumer behavior responds to house price and income declines as well as tightening credit. These experiments are … shocks, such as a negative income shock and a home price decline. A larger proportion of households do adjust their …

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A Dynamic Model of Housing Demand : Estimation and Policy Implications

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