A theory of housing demand shocks

DOI10.1016/J.JET.2022.105484zbMATH Open1497.91163OpenAlexW4280541768MaRDI QIDQ2155248FDOQ2155248

Zheng Liu, Ding Dong, Pengfei Wang, Tao Zha

Publication date: 15 July 2022

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2022.105484

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zbMATH Keywords

credit constraintsheterogeneous beliefshouse priceshousing demandprice-rent ratio

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Heterogeneous agent models (91B69)

Cites Work

• Land-price dynamics and macroeconomic fluctuations
• Information, trade and common knowledge
• Agreeing to disagree
• Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints*
• On the Possibility of Speculation under Rational Expectations
• Should the central bank be concerned about housing prices?
• The Rate of Return on Everything, 1870–2015*
• House Price Beliefs And Mortgage Leverage Choice

Cited In (5)

• The Financial Accelerator: Evidence from International Housing Markets
• The demand for housing: Theoretical considerations
• Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints*
• Collateral quality and house prices
• Asset-market sentiments and business cycle fluctuations

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