International capital flows and expectation-driven boom-bust cycles in the housing market

DOI10.1016/J.JEDC.2010.04.008MaRDI QIDQ602976zbMATH OpenOpenAlexFDO

Authors Hajime Tomura

Publication date 5 November 2010

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2010.04.008

zbMATH Keywords

boom-bust cyclescredit market frictionsfinancial liberalizationhouse pricesinformational overshooting

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Estimating and Testing Linear Models with Multiple Structural Changes
• EXCESS SENSITIVITY, LIQUIDITY CONSTRAINTS, AND THE COLLATERAL ROLE OF HOUSING
• Learning and Capacity Expansion under Demand Uncertainty
• Using the generalized Schur form to solve a multivariate linear rational expectations model

Cited in

(12)

• A mechanism for booms and busts in housing prices
• Expectations and macro-housing interactions in a small open economy: evidence from Korea
• Credit expansion, bank liberalization, and structural change in bank asset accounts
• Housing bubbles, economic growth, and institutions
• Housing dynamics over the business cycle
• Heterogeneous beliefs and housing-market boom-bust cycles
• The Financial Accelerator: Evidence from International Housing Markets
• The cyclical dynamics of illiquid housing, debt, and foreclosures
• Cross-sectional patterns of mortgage debt during the housing boom: evidence and implications
• Growth, housing, and global imbalances
• The 2000s housing cycle with 2020 hindsight: a neo-Kindlebergerian view
• Leaning against boom-bust cycles in credit and housing prices

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