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Household Debt, House Prices and Consumption in the United Kingdom : A Quantitative Theoretical Analysis
Waldron, Matt - 2010
Household debt and house prices in the United Kingdom rose substantially between 1987 and 2006. In this paper we use a … calibrated overlapping generations model of the household sector to examine the extent to which changes in demographics, lower …
Persistent link: https://www.econbiz.de/10013146979
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Residential Income Segregation : A Behavioral Model of the Housing Market
Pangallo, Marco - 2018
We represent the functioning of the housing market and study the relation between income segregation, income inequality and house prices by introducing a spatial Agent-Based Model (ABM). Differently from traditional models in urban economics, we explicitly specify the behavior of buyers and...
Persistent link: https://www.econbiz.de/10012931761
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Chapter 44 Economic analysis of housing markets in developing and transition economies
Malpezzi, Stephen - In: Handbook of regional and urban economics : volume 3, …, (pp. 1791-1864). 1999
The purpose of this chapter is to survey recent research on housing markets and policy in what used to be called the “second” and “third” worlds. We adopt the labels “transition” economies to refer to countries as disparate as Russia and Vietnam, and “developing” to refer to...
Persistent link: https://www.econbiz.de/10014023955
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Hedonic models and market segmentation
Bourassa, Steven C.; Dröes, Martijn I.; Hoesli, Martin - 2021
This paper explores the pricing of heterogeneous goods in the presence of market segmentation. We use housing as an example. We extend the theoretical hedonic model of Rosen (1974) and show that, in the presence of market segmentation, the hedonic price line is no longer continuous or unique....
Persistent link: https://www.econbiz.de/10012614885
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Historic amenities, income and sorting of Households
Koster, Hans; Ommeren, Jos van; Rietveld, Piet - 2013
Persistent link: https://www.econbiz.de/10009731273
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Wealth shocks and macroeconomic dynamics
Cooper, Daniel; Dynan, Karen E. - 2013 - This version: June 14, 2013
fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the … impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature …
Persistent link: https://www.econbiz.de/10009760038
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Buying a home with a resale value : location, location, location
Haavio, Markus; Kauppi, Heikki - In: The Scandinavian journal of economics 115 (2013) 4, pp. 1046-1083
Persistent link: https://www.econbiz.de/10010195989
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Housing prices and robustly optimal monetary policy
Adam, Klaus; Woodford, Michael - 2013
Persistent link: https://www.econbiz.de/10010345429
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Household debt and housing bubble : a Minskian approach to boom-bust cycles
Ryoo, Soon - 2015
This paper examines macroeconomic dynamics of household debt and housing prices. Drawing on Minsky's insights into … financial instability and cycles, our framework combines household debt dynamics with behavioral asset price dynamics in a … Keynesian macro model. We show that endogenous boom-bust cycles can emerge through the interaction between household debt and …
Persistent link: https://www.econbiz.de/10011522147
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Hedonic equilibria in housing markets : the case of one-to-one matching
Yinger, John - In: Journal of housing economics 29 (2015), pp. 1-11
Persistent link: https://www.econbiz.de/10011565815