stochastic general equilibrium (DSGE) model tailored to New Zealand. We find that the main historical drivers of house prices are … shocks specific to the housing sector. While our estimates show that monetary policy has large spillover effects on house …

household sector and the housing stock in a two-region DSGE model with out of sync subnational housing markets and compare four …

stochastic general equilibrium (DSGE) model tailored to New Zealand. We find that the main historical drivers of house prices are … shocks specific to the housing sector. While our estimates show that monetary policy has large spillover effects on house …

financial sector and real estate sector, they have largely overlooked housing supply. I develop an extended DSGE model that …This paper investigates the importance of including data on new housing supply in Dynamic Stochastic General … Equilibrium (DSGE) models in forecasting the Great Financial Crisis (GFC), focusing on the U.S. While existing models have added a …