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Chapter 19. Housing and Macroeconomics
Piazzesi, M.; Schneider, M. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 1547-1640). 2016
This chapter surveys the literature on housing in macroeconomics. We first collect facts on house prices and quantities in both the time series and the cross section of households and housing markets. We then present a theoretical model of frictional housing markets with heterogeneous agents...
Persistent link: https://www.econbiz.de/10014024264
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Land price dynamics and macroeconomic fluctuations with imperfect substitution in real estate markets
Davis, Scott; Huang, Kevin X. D.; Sapci, Ayse - In: Journal of economic dynamics & control 134 (2022), pp. 1-15
Persistent link: https://www.econbiz.de/10013383745
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Mortgage default in an estimated model of the U.S. housing market
Lambertini, Luisa; Nuguer, Victoria; Uysal, Pinar - In: Journal of economic dynamics & control 76 (2017), pp. 171-201
Persistent link: https://www.econbiz.de/10011817214
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Mortgage default in an estimated model of the U.S. housing market
Lambertini, Luisa; Victoria, Nuguer; Uysal, Pinar - 2017
risk in the mortgage market raises the default rate and spreads to the rest of the economy, creating a recession. In our … model two shocks are well suited to replicate the subprime crisis and the Great Recession: the mortgage risk shock and the …. This policy is successful in stabilizing the mortgage market and makes all agents better off. …
Persistent link: https://www.econbiz.de/10011660977
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Supply restrictions, subprime lending and regional US house prices
Anundsen, André Kallåk; Heebøll, Christian - 2015
, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan …
Persistent link: https://www.econbiz.de/10010488113
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Government policies, residential mortgage defaults, and the boom and bust cycle of housing prices
Ascheberg, Marius; Jarrow, Robert A.; Kraft, Holger; … - In: Essays on empirical asset pricing, dynamic asset …, (pp. 183-216). 2013
Persistent link: https://www.econbiz.de/10010412565
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Supply restrictions, subprime lending and regional US housing prices
Anundsen, André Kallåk; Heebøll, Christian - 2013
This paper analyzes the recent boom-bust cycle in the US housing market from a regional perspective. Particular attention is paid to supply side restrictions and financial accelerator effects related to subprime lending. Considering 248 Metropolitan Statistical Areas across the entire US, we...
Persistent link: https://www.econbiz.de/10009703502
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Monetary policy and housing booms
Williams, John C. - In: International journal of central banking : IJCB 7 (2011) 1, pp. 345-355
Persistent link: https://www.econbiz.de/10009520744
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Real estate and the macroeconomy
Case, Karl E. - In: Brookings papers on economic activity : BPEA (2000) 2, pp. 119-145,160-162
Persistent link: https://www.econbiz.de/10001614843
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Local Housing Market Cycle and Loss Given Default : Evidence from Sub-Prime Residential Mortgages
Zhang, Yanan - 2011
which is between the house price cycles before the time of mortgage origination and LGD. The empirical analysis is based on … a large loan-level sub-prime residential mortgage loss dataset from 1998 to 2009. Results show that house price history …
Persistent link: https://www.econbiz.de/10013130209