How does a shrinking population affect the housing market? In this study, drawing on Japan's experience, we find that there exists an asymmetric relationship between housing prices and population change. Due to the durability of housing structures, the decline in housing prices associated with...

Chapter 1. Statistical multi-dimensional scaling under the geographical constraints: The development of Bayesian Multi-dimensional Scaling and its application to time-space mapping -- Chapter 2. Structure of Place Attachment, and Relationship with Predictors and Consequences of Place Attachment...

This paper examines the responses of private consumption, residential investment, and business investment in 11 EU countries, Japan, and the United States to shocks in housing and equity prices. The effects are assessed with a Structural Vector Auto Regressive (SVAR) model, and four key findings...