We explore the interaction of monetary and macroprudential policy in a simple agent-based model of the housing market. Our model shows that the impact of monetary policy on housing market dynamics is smaller than the impact of macroprudential regulation. While both maximum loan-to-value ratios...

We present and contrast a one-agent versus a two-agent theoretical model for residential real estate brokerage consideration in China's housing market. We then perform a series of simulations using values present in the Chinese marketplace to identify which system should prevail in terms of...