importance. In the second part of the paper we employ a standard model of dynamic optimisation with housing demand and seasonal … housing consumption …

-deviation contractionary monetary policy surprise lowers housing list prices by 0.2%- 0.3% within two weeks-a magnitude on par with the effect …

This paper investigates the importance of including data on new housing supply in Dynamic Stochastic General … financial sector and real estate sector, they have largely overlooked housing supply. I develop an extended DSGE model that … includes both the financial sector and endogenous housing supply and show that forecasting accuracy significantly improves when …

job search with liquid wealth accumulation and consumption of housing that can be rented, bought on credit, or sold. In … using NLSY data from 1978 until 2005. We find that more relaxed housing lending conditions, particularly lower downpayment …

We estimate a structural model of optimal life-cycle housing and nonhousing consumption in the presence of labor income … and house price uncertainties. The model postulates constant elasticity of substitution between housing service and … nonhousing consumption and explicitly incorporates a housing adjustment cost. Our estimation fits the cross-sectional and time …

The authors estimate a structural model of optimal life-cycle housing and consumption in the presence of realistic … labor income and house price uncertainties. The model postulates constant elasticity of substitution between housing service …-sectional and time-series household wealth and housing profiles from the Panel Study of Income Dynamics quite well and suggests an …

This paper provides the first causal evidence on the impact of retirement on housing choices. Our empirical strategy … closer to the coast upon retirement. We additionally discover that some housing adjustments take place up to 6 years before …, housing tenue, income and wealth. Within couple households, housing mobility choices are primarily influenced by the wife …

Supersedes Working Paper 09-7. We estimate a structural model of optimal life-cycle housing and nonhousing consumption … between housing service and nonhousing consumption and explicitly incorporates a housing adjustment cost. Our estimation fits … the cross-sectional and time-series household wealth and housing profiles from the Panel Study of Income Dynamics (1984 to …

This paper presents new evidence on the utility – or well-being – derived from housing. There are three areas of focus … to housing as a complementary good to family life; 2) whether well-being related to housing consumption varies by home …

This paper examines whether the Mortensen-Pissarides matching model can account for the housing markets facts, most of … facts of housing market, without any restrictive assumption and in a very simple framework. …