A theory of housing demand shocks

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

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

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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 (14)

• The Financial Accelerator: Evidence from International Housing Markets
• The demand for housing: Theoretical considerations
• Housing deep-habit model: mutual implications of macroeconomics and asset pricing
• Risk shocks and housing supply: a quantitative analysis
• Expectations and macro-housing interactions in a small open economy: evidence from Korea
• 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?
• Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints*
• A dynamic model of housing demand: estimation and policy implications
• Collateral quality and house prices
• Flight to housing in China
• Monetary policy and US housing expansions: the case of time-varying supply elasticities
• Endogenous sources of volatility in housing markets: the joint buyer-seller problem
• Asset-market sentiments and business cycle fluctuations

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