Housing and Business Cycle

By I. Fernández, Paloma Taltavull de La Paz. 2001

275 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/777fda9737d037879fca42afafdd9f84ee9b40d3

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Citations in the corpus

Housing Market Spillovers: Evidence from an Estimated DSGE Model (2010, unknown): “…essential to take the model to the data.2 Greenwood and Hercowitz (1991), Benhabib, Rogerson and Wright (1991), Chang (2000), Davis and Heathcote (2005) and Fisher (2007) are examples of calibrated models dealing with (1) ; but they consider technology shocks only as sources of business uctuations.”
HOUSING DYNAMICS OVER THE BUSINESS CYCLE (2016, unknown): “A business cycle model of Gomme and Rupert (2007), featuring a more detailed disaggregation of investment and investment-specific shocks, and a multi-industry model of housing construction of Davis and Heathcote (2005) also exhibit this anomaly.(1) Gomme, Kydland, and Rupert (2001) demonstrate that ”
Housing, Consumption and Asset Pricing (2007, unknown): “Existing general equilibrium models with housing include Davis and Heathcote (2005), who explore the implications of a real business cycle model with a construction sector, and Ortalo-Magne and Rady (2006), who analyze an overlapping generations model to study prices and volume in the housing market”
The price and quantity of residential land in the United States (2004, unknown): “We now describe the data sources we use to operationalize equation (4) for land price growth.”
Consumption Dynamics During Recessions (2014, background): “22 Gomme, Kydland, and Rupert [2001] add time-to-build to a disaggregated model while Davis and Heathcote [2005] introduce a xed factor of production.”
A cross-country quarterly database of real house prices: a methodological note (2011, unknown): “19 Different econometric disaggregation techniques, such as the Denton (1971) and Chow and Lin (1971) approaches to cite just two of the most popular methods, can also be used for quarterization.”
On the macroeconomic determinants of the housing market in Greece: a VECM approach (2016, background): “Similarly, Follain (1981) and Feldstein (1992) infer this negative effect of inflation on demand and on housing investments while Andrews (2010) detect upward trends of housing prices after change of inflation in both directions.”
Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors Matter? (2007, background): “…with free borrowing and lending (usually labelled as New Keynesian, 1For recent academic contributions see Aoki, Proudman and Vlieghe (2004), Davies and Heathcote (2005), Iacoviello (2005) and the literature review by Leung (2004); for contributions from a policy perspective see ECB (2003),…”
Search, Liquidity and the Dynamics of House Prices and Construction (2014, background): “The stock of such renters evolves according to Ft = (1 f )Ft 1 + (1 )G("t) Qt 1: (15) At the beginning of each period, a house that is not currently occupied by the owner can be either rented or listed for sale.”
Consumption, House Prices and Collateral Constraints: a Structural Econometric Analysis (2004, background): “See e.g. Davis and Heathcote (2003), who examine the business cycle properties of an RBC model with a construction sector, and Piazzesi et al. (2003) , who analyze the implication of housing and non-housing consumption for the prices of financial assets.”
Household Expenditures, Wages, Rents (2011, background): “housing items, grouped broadly into 5 non-housing categories – Grocery (26 questions), Utilities (6), Transportation (2), Health care (5), and Miscellaneous (20).”
Macroeconomics and housing: a review of the literature (2004, background): “…Property prices, collateral and related issues Existing research has not been successful for explaining the price dynamics of the housing market.27 Davis and Heathcote (2001) employing the U.S. national data, find that the correlation between the residential property price and the real output is…”
Fixed and Variable-Rate Mortgages, Business Cycles and Monetary Policy (2009, unknown): “Figure (7) shows how the welfare level varies with the proportion of variable rate mortgages in the economy.”