Financial frictions, the housing market, and unemployment
DOI10.1016/J.JET.2015.07.008zbMATH Open1369.91140OpenAlexW3122967257MaRDI QIDQ282152FDOQ282152
Guillaume Rocheteau, William A. Branch, Nicolas Petrosky-Nadeau
Publication date: 12 May 2016
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: http://www.frbsf.org/economic-research/publications/working-papers/wp2014-26.pdf
Macroeconomic theory (monetary models, models of taxation) (91B64) Matching models (91B68) Multisectoral models in economics (91B66)
Cites Work
- Job Creation and Job Destruction in the Theory of Unemployment
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- Geographic reallocation and unemployment during the great recession: the role of the housing bust
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- TFP during a credit crunch
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- Pairwise trade, asset prices, and monetary policy
- A Model of Money and Credit, with Application to the Credit Card Debt Puzzle
- The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis*
- Information, Liquidity, Asset Prices, and Monetary Policy
- Housing Liquidity, Mobility, and the Labour Market
- INDIVIDUAL EXPECTATIONS AND AGGREGATE BEHAVIOR IN LEARNING-TO-FORECAST EXPERIMENTS
- Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
- Excess Volatility and Predictability of Stock Prices in Autoregressive Dividend Models with Learning
- Money and capital as competing media of exchange
- Collateral secured loans in a monetary economy
Cited In (7)
- Capital concentration and wage inequality
- Are house prices responsible for unemployment persistence?
- Unemployment, credit rationing, and capital accumulation: A tale of two frictions
- Imperfect knowledge, liquidity and bubbles
- Bounded rationality and unemployment dynamics
- Money mining and price dynamics: the case of divisible currencies
- The role of trading frictions in financial markets
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