Money Illusion and Housing Frenzies

By Daren E. Miller. 2008

398 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/4c6b776b90ae09bec6eddc3641d908e66a06e31c

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In Economics and Econometrics

Citations in the corpus

Housing Market Spillovers: Evidence from an Estimated DSGE Model (2010, neutral): “The assumption 0 < implies that for small shocks the borrowing constraint (5) holds with equality near the steady state.”
The Subprime Crisis and House Price Appreciation (2011, neutral): “Ex ante, however, there was 1 cf. Case and Shiller (2003), Brunnermeier and Julliard (2008) and Glaeser et al. (2005).”
What moves housing markets: A variance decomposition of the rent-price ratio (2009, positive): “Recently, the dynamic version of the Gordon growth model has been applied to study valuations in commercial real estate (Plazzi et al., 2006) and to examine the linkages of money illusion and house-price inflation in national rent–price ratios (Brunnermeier and Julliard, 2008).”
Why Has House Price Dispersion Gone Up (2010, neutral): “Brunnermeier and Julliard (2006) consider the effect of money illusion on house prices and generate larger effects of inflation on house prices in regions with tighter housing supply.”
On the macroeconomic determinants of the housing market in Greece: a VECM approach (2016, neutral): “Money Illusion and Housing Frenzies Brunnermeier and Julliard (2008) U.”
Hot and cold seasons in the housing market (2014, neutral): “Columns (2) and (5) show the implied di¤erence in moving probabilities between the two seasons for the US and the UK, [(1 ) (1 )].”
"Housing and the monetary transmission mechanism," Finance and Economics Discussion Series Working Paper: a speech at the Federal Reserve Bank of Kansas City's Economic Symposium, Jackson Hole, Wyoming, September 1, 2007 (2007, neutral): “Genesove and Mayer (2001) show that sellers exhibit loss aversion, while Brunnermeier and Julliard (forthcoming) find evidence that house prices are influenced by the type of money illusion originally described by Modigliani and Cohn (1979).”
Wall Street and the housing bubble (2014, neutral): “The 2012 “London Whale” risk-management failure of JP Morgan Chase illustrates that, if anything, CEO Jamie Dimon realized relatively late that traders had accumulated significant exposure to specific CDS positions which subsequently resulted in outsized losses.”
Unconventional monetary policies: a re-appraisal (2018, neutral): “Yet another is econometric studies, for instance those that examine the behaviour of asset prices, such as equity (Modigliani and Cohn (1979)), house prices (Brunnermeier and Julliard (2007)) or bonds (Shiller (2015)).”
Housing and Liquidity (2015, neutral): “Other papers on housing and ination and include Brunnermeier and Julliard (2008), Follain (1982), Kearl (1979), and Poterba, Weil, and Shiller (1991). Other recent work on housing market dynamics includes Burnside, Eichenbaum, and Rebelo (2011), Coulson and Fisher (2009), Ngai and Tenreyro (2009) ,”
Explosive bubbles in house prices? Evidence from the OECD countries (2015, neutral): “the first term on the right-hand side of (2).”