the rather strong assumption that debt is independent of the policy rate, conditional on housing prices. The policy …

constraints on housing wealth drive an asymmetry in the link between housing prices and economic activity. The estimated model … shows that, as collateral constraints became slack during the housing boom of 2001-2006, expanding housing wealth made a … small contribution to consumption growth. By contrast, the housing collapse that followed tightened the constraints and …

While analysing the housing market, we focus on the short-term modelling of the housing units market instead of … analysing the long-term housing space market. In this context, even a minor change in factors affecting the real estate market … presents the modelling of cycles in the residential real estate market. We focus on price changes and the number of housing …

the rather strong assumption that debt is independent of the policy rate, conditional on housing prices. The policy …

In this paper our main aim is to quantify the role that housing collateral plays for the monetary transmission …-to-value ratio, in the last two decades. We set up a two sector DSGE model with production of goods and housing. Households can only …. We quantify the reinforcement of the monetary transmission mechanism that housing used as collateral implies in the …

importance. In the second part of the paper we employ a standard model of dynamic optimisation with housing demand and seasonal … housing consumption …

This paper quantitatively accounts for the cyclical dynamics of key macroeconomic housing and mortgage market variables … using a tractable, searchtheoretic model of housing with equilibrium mortgage default. To explain these dynamics, the model … constraints. During housing busts, longer selling times spill over into higher foreclosure risk, thereby magnifying the response …

The purpose of this chapter is to survey recent research on housing markets and policy in what used to be called the … like Mozambique and Laos. It is therefore quite interesting that the bulk of the research surveyed finds that housing … available for housing and other goods and services certainly do vary dramatically from place to place. And the stakes of how …

This paper investigates the US housing market from just before the Great Recession onward (2006-19) and assesses the … from the housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can …, indicating the importance of stock-flow matching for understanding housing market dynamics. …

This paper investigates the US housing market from just before the Great Recession onward (2006-2019) and assesses the … housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics. …