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Housing market dynamics : on the contribution of income shocks and credit constraints (revised version)

Ortalo-Magné, François; Rady, Sven - 2005

We propose a life-cycle model of the housing market with a property ladder and a credit constraint. We focus on equilibria which replicate the facts that credit constraints delay some households' first home purchase and force other households to buy a home smaller than they would like. The model...

Persistent link: https://www.econbiz.de/10010440424

Housing market dynamics : on the contribution of income shocks and credit constraint

Ortalo-Magné, François; Rady, Sven - 2005

Persistent link: https://www.econbiz.de/10010343962

Housing market dynamics : on the contribution of income shocks and credit constraints

Rady, Sven; Ortalo-Magné, François - 2001

This paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households …

Persistent link: https://www.econbiz.de/10010440971

Aging, the great moderation and business-cycle volatility in a life-cycle model

Heer, Burkhard; Rohrbacher, Stefan; Scharrer, Christian - 2014

According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model that replicates the empirically observed pattern and...

Persistent link: https://www.econbiz.de/10010231628

Aging, the great moderation and business-cycle volatility in a life-cycle model : conference paper

Heer, Burkhard; Rohrbacher, Stefan; Scharrer, Christian - 2014

Persistent link: https://www.econbiz.de/10010489277

The Cost of Volatile Investment in an Emerging Economy

De Bock, Reinout - 2011

I measure the welfare gains from eliminating fluctuations in investment in an emerging economy such as Argentina. The estimated welfare effects are an order of magnitude higher than those for the US and arise with moderate degrees of diminishing returns to investment

Persistent link: https://www.econbiz.de/10014043460

Demographic Change and the Great Moderation in an Overlapping Generations Model with Matching Frictions

Lugauer, Steven - 2014

The fraction of the labor force under the age of 35, or youth share, has been correlated with cyclical GDP volatility over the past several decades. The youth share and business cycle fluctuations were high during the 1970's. Then, as the population aged, output volatility declined. I develop an...

Persistent link: https://www.econbiz.de/10013062692

Temporary employment, demand volatility and unions : firm-level evidence

Devicienti, Francesco; Naticchioni, Paolo; Ricci, Andrea - 2015

highly volatile economic environment unions may be concerned about the weakening of their bargaining power associated with an …, while training temporary contracts are not affected by unions, volatility and their interplay. We argue that this occurs … because non-training temporary contracts can be used by firms as a buffer stock to cope with uncertainty and by unions to …

Persistent link: https://www.econbiz.de/10011347153

Expected inflation, sunspots equilibria and persistent unemployment fluctuations

Dufourt, Frédéric; Lloyd-Braga, Teresa; Modesto, Leonor - 2009

We propose and estimate a model where unemployment fluctuations result from self-fulfilling changes in expected inflation (sunspot shocks) affecting nominal wage bargaining. Since the estimated parameters fall near the locus of Hopf bifurcations, country-specific expected inflation shocks can...

Persistent link: https://www.econbiz.de/10003879337

The effects of volatility on growth and financial development through capital market imperfections

Aysan, Ahmet Faruk - In: ODTÜ gelişme dergisi / Orta Doǧu Teknik … 34 (2007) 1, pp. 1-18

Persistent link: https://www.econbiz.de/10003685238

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