Showing 1 - 10 of 1,163
This paper separates the roles of demand for housing services and belief about future house prices in a house price cycle, by utilizing a feature of user-cost-of-housing that it is sensitive to demand for housing services only. Optimality conditions of producing housing services determine...
Persistent link: https://www.econbiz.de/10012009613
This paper tests for speculative bubbles in the medieval English property market based on a unique hand … bubbles in the market for agricultural land, but there is no such evidence in the context of messuages. Our findings …
Persistent link: https://www.econbiz.de/10012923655
Persistent link: https://www.econbiz.de/10014247256
Persistent link: https://www.econbiz.de/10009621565
Persistent link: https://www.econbiz.de/10012795423
Persistent link: https://www.econbiz.de/10012198030
Persistent link: https://www.econbiz.de/10011792761
This chapter surveys the literature on housing in macroeconomics. We first collect facts on house prices and quantities in both the time series and the cross section of households and housing markets. We then present a theoretical model of frictional housing markets with heterogeneous agents...
Persistent link: https://www.econbiz.de/10014024264
Persistent link: https://www.econbiz.de/10014527272
Persistent link: https://www.econbiz.de/10012160825