A theory of housing demand shocks

DOI10.1016/J.JET.2022.105484MaRDI QIDQ2155248zbMATH OpenOpenAlexFDO

Authors Ding Dong, Zheng Liu, Tao Zha, Pengfei Wang

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

zbMATH Keywords

credit constraintsheterogeneous beliefshouse priceshousing demandprice-rent ratio

Mathematics Subject Classification ID

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

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Cites work

• Agreeing to disagree
• House price beliefs and mortgage leverage choice
• Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints*
• Information, trade and common knowledge
• Land-price dynamics and macroeconomic fluctuations
• 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

Cited in

(19)

• Housing demand or money supply? A New Keynesian dynamic stochastic general equilibrium model on China's housing market fluctuations
• Are house prices responsible for unemployment persistence?
• Risk shocks and housing supply: a quantitative analysis
• Expectations and macro-housing interactions in a small open economy: evidence from Korea
• Monetary policy and US housing expansions: the case of time-varying supply elasticities
• Flight to housing in China
• The Financial Accelerator: Evidence from International Housing Markets
• Shocks and Valuation in the Rental Housing Market
• A dynamic model of housing demand: estimation and policy implications
• Learning from house prices: amplification and business fluctuations
• Endogenous sources of volatility in housing markets: the joint buyer-seller problem
• Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints*
• Collateral quality and house prices
• Rational housing demand bubble
• The ins and outs of selling houses: understanding housing-market volatility
• Asset-market sentiments and business cycle fluctuations
• The demand for housing: Theoretical considerations
• Housing deep-habit model: mutual implications of macroeconomics and asset pricing
• Buy to let: the role of rental investors in housing booms

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