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The responsiveness of house prices to monetary policy shocks depends both on the nature of the shock – expansionary …
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With the rapid development of information communication technology and the Internet, information spillover between cities in real estate markets is becoming more frequent. The influence of information spillover in real estate markets is becoming more and more prominent. However, the current...
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Research on housing supply has grown owing to improved data combined with heightened interest in policies such as local land use regulations. Heterogeneity in supply conditions across markets is shown to be essential to understanding the growing price dispersion across metropolitan areas, as...
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, we show that differences in the elasticity of housing supply may determine the extent to which a demand shock translates …
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