Housing markets have a large impact on the macro economy. The recovery of house price declines is usually slow, as transactions decline in a slump. In this paper we present new evidence of list price dynamics in up and down markets, using a novel dataset on actual list prices in the Dutch...

We use the responses of a representative sample of Dutch households to survey questions that ask how much their consumption would change in response to unexpected, permanent, positive or negative shocks to their home value. The average MPC is in the 2.1-4.7% range, in line with econometric...

We use the responses of a representative sample of Dutch households to survey questions that ask how much their consumption would change in response to unexpected, permanent, positive or negative shocks to their home value. The average MPC is in the 2.1-4.7% range, in line with econometric...