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Aggregate housing demand shocks are an important source of house price fluctuations in the standard macroeconomic …-rent puzzle”). We build a tractable heterogeneous-agent model that provides a microeconomic foundation for housing demand shocks …
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contributing to this shortage: rental demand …
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Aggregate housing demand shocks are an important source of house price fluctuations in the standard macroeconomic …-rent puzzle"). We build a tractable heterogeneous-agent model that provides a microeconomic foundation for housing demand shocks …
Persistent link: https://www.econbiz.de/10012479618
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exogenous demand shock to the housing market. Employing a two-step difference-in-differences approach, we find significantly …
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