We study housing and debt in a quantitative general equilibrium model. In the cross-section, the model matches the … wealth distribution, the age pro?les of homeownership and mortgage debt, and the frequency of housing adjustment. In the time …-series, the model matches the procyclicality and volatility of housing investment, and the procyclicality of mortgage debt. We use …

We study housing and debt in a quantitative general equilibrium model. In the cross-section, the model matches the … wealth distribution, the age pro?les of homeownership and mortgage debt, and the frequency of housing adjustment. In the time …-series, the model matches the procyclicality and volatility of housing investment, and the procyclicality of mortgage debt. We use …

We study housing and debt in a quantitative general equilibrium model. In the cross-section, the model matches the … wealth distribution, the age profiles of homeownership and mortgage debt, and the frequency of housing adjustment. In the … time-series, the model matches the procyclicality and volatility of housing investment, and the procyclicality of mortgage …

Housing tenure decision combines financial, economic and socio-psychological factors. This paper considers the global … the other hand, overinvestment in housing is harmful to diversification and distorts portfolio management. This trade … at least 9% of the housing price. The findings are robust to several methodological refinements. …

in recent years, due partly to the fact that tax breaks for housing purchase, reforms in the housing loan market since … the early 2000s, and expansionary monetary policy enabled Japanese households to purchase housing at a younger age than … households who have chosen variablerate housing loans has increased in recent years. …

make decisions based on their perceived level of housing wealth. Numerical simulations generate the effects of house value …

What is the role of heterogenous house-price expectations for boom-bust cycles in the housing market? We exploit a … unique Dutch panel data set on households' house price expectations and their consumption, savings and housing choices for … the period 2003-2016. This period was characterized by a pronounced boom-bust cycle in the housing market. Conditioning …