In this paper, we analyze the borrowing behavior of Japanese households in comparison to the other Group of Seven (G7 … in recent years, due partly to the fact that tax breaks for housing purchase, reforms in the housing loan market since … the early 2000s, and expansionary monetary policy enabled Japanese households to purchase housing at a younger age than …

inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution … and higher user costs of housing are both associated with larger money holdings. Country-specific money holdings are also … connected with structural features of the housing market. …

inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution … and higher user costs of housing are both associated with larger money holdings. Country-specific money holdings are also … connected with structural features of the housing market. …

inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution … and higher user costs of housing are both associated with larger money holdings. Country-specific money holdings are also … connected with structural features of the housing market. -- Money ; housing ; national contribution ; euro area …

inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution … and higher user costs of housing are both associated with larger money holdings. Country-specific money holdings are also … connected with structural features of the housing market …

maximum borrowing limit, and housing investment, homeownership, and household debt closely track aggregate productivity. In …This paper describes an equilibrium life-cycle model of housing where nonconvex adjustment costs lead households to … adjust their housing choice infrequently and by large amounts when they do so. In the cross-sectional dimension, the model …

maximum borrowing limit, and housing investment, homeownership, and household debt closely track aggregate productivity. In …This paper describes an equilibrium life-cycle model of housing where nonconvex adjustment costs lead households to … adjust their housing choice infrequently and by large amounts when they do so. In the cross-sectional dimension, the model …

borrowing limit, and housing investment, home-ownership, and household debt closely track aggregate productivity. In the late …This paper describes an equilibrium life-cycle model of housing where non-convex adjustment costs lead households to … adjust their housing choice infrequently and by large amounts when they do so. In the cross-sectional dimension, the model …

We study housing and debt in a quantitative general equilibrium model. In the cross-section, the model matches the … wealth distribution, the age profiles of homeownership and mortgage debt, and the frequency of housing adjustment. In the … time-series, the model matches the procyclicality and volatility of housing investment, and the procyclicality of mortgage …