Showing 1 - 10 of 168,753
Persistent link: https://www.econbiz.de/10013415115
This paper presents a complex, modular, 1:1 scale model of the Hungarian residential housing market. All the 4 million house‐ holds and their relevant characteristics are represented based on empirical micro‐level data coming from the Central Credit Information System, the Pension Payment...
Persistent link: https://www.econbiz.de/10013402087
We develop an agent-based model of the UK housing market to study the impact of macroprudential policy experiments on key housing market indicators. The heterogeneous nature of this model enables us to assess the effects of such experiments on the housing, rental and mortgage markets not only in...
Persistent link: https://www.econbiz.de/10013289212
This paper investigates the macroeconomic effects of search risk in the housing market. To do so, I introduce a tractable directed search model of housing with multidimensional buyer and seller heterogeneity. I incorporate this framework in an incomplete markets macroeconomic model with...
Persistent link: https://www.econbiz.de/10013037619
Following the global financial crisis, many countries have introduced or tightened macroprudential policies. Using an agentbased model (ABM), this paper seeks to measure the impact on house price cycles of two distinct borrower-based macroprudential instruments, namely loan-to-income and...
Persistent link: https://www.econbiz.de/10012017491
This paper develops an agent-based model of the UK housing market to study the impact of macroprudential policies on key housing market indicators. This approach enables us to tackle the heterogeneity in this market by modelling the individual behaviour and interactions of first-time buyers,...
Persistent link: https://www.econbiz.de/10012981590
We develop an agent-based model of the UK housing market to study the impact of macroprudential policy experiments on key housing market indicators. The heterogeneous nature of this model enables us to assess the effects of such experiments on the housing, rental and mortgage markets not only in...
Persistent link: https://www.econbiz.de/10013406462
Historical inequality is difficult to measure, especially at the sub-country level and beyond the top income shares …. This paper presents new evidence on the level of inequality in Manhattan from 1880 to 1910 using housing rents. Rental … measure of consumption inequality at the household level which helps to develop the picture of urban inequality for this …
Persistent link: https://www.econbiz.de/10012170449
inequality. Simulations show that inequality generally builds up fast even if players have equal starting conditions and house … prices are stable; rising house prices imply more extreme inequality. An extension of the classical game with interest rates … inequality by more than high interest rates. The simulations also demonstrate a first-mover advantage both within a generation …
Persistent link: https://www.econbiz.de/10012268409
inequality. Simulations show that the inequality depends on the timing and distribution of home ownership, house price growth and … rates increase house prices and thus inequality by more than high interest rates. The model is also used to analyze the role …
Persistent link: https://www.econbiz.de/10012902176