household indebtedness and housing price fluctuations compared with a monetary policy rule augmented with house price inflation … houses and we introduce news shocks on housing demand. We estimate the model with Canadian data using Bayesian methods. We … find that the introduction of news shocks can generate a housing market boom-bust cycle, the bust following unrealized …

In this paper, we build a dynamic stochastic general-equilibrium model with housing and household debt, and compare the … effectiveness of monetary policy, housing-related fiscal policy, and macroprudential regulations in reducing household indebtedness …

-cycle incomplete-markets model with a liquid financial asset and illiquid housing to match the large heterogeneity of households asset …