Housing, Consumption, and Asset Pricing

By Monika Piazzesi, Martin Schneider, Selale Tuzel. 2007

111 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/a22360e0a7af733679480abdc25dfbd052d1fcc9

Citations in the corpus

• What Matters to Individual Investors? Evidence from the Horse's Mouth (2018, unknown): “Piazzesi, Schneider, and Tuzel (2007) posit that households have nonseparable preferences over housing and a numeraire good, which leads them to fear “composition risk”—changes to the relative share of housing in their consumption basket.”
• Very Long-Run Discount Rates (2015, unknown): “VERY LONG-RUN DISCOUNT RATES”
• Good Times or Bad Times? Investors' Uncertainty and Stock Returns (2009, unknown): “Piazzesi, Schneider, and Tuzel (2006) augment the (C)CAPM with the growth rate in housing services; Yogo (2006) augments the (C)CAPM with the growth rate in durable consumption.”
• How Much Does Household Collateral Constrain Regional Risk Sharing (2010, unknown): “Following Piazzesi et al. (2007), we assume that the log of the aggregate non-housing expenditure ratio = log( α1−α ) follows an autoregressive process: t = μ + .96 log t−1 + t, with σ = .03 and μ was chosen to match the average US post-war non-housing expenditure ratio of 4.41.”
• House Prices, Consumption, and Monetary Policy: A Financial Accelerator Approach (2002, unknown): “More recently, Piazzesi et al. (2003) and Lustig and Van Nieuwerburgh (2004) analyzed implications of housing stock for asset pricing.”
• Chapter 21 - Household Finance: An Emerging Field∗ (2013, unknown): “Residential property and durable goods provide consumption services on top of their own resale value (Piazzesi, Schneider, and Tuzel, 2007), and private business wealth involves large non-monetary private benefits (Hamilton, 2000; Moskowitz and Vissing-Jorgersen, 2002).”