An Extrapolative Model of House Price Dynamics
By Edward L. Glaeser, Charles G. Nathanson. 2017
301 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/e7d92aa2642ab269689a77510eade05d82c88038
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In Accounting
In Economics and Econometrics
- Adam M. Guren
- Nicholas Barberis
- Doron Avramov
- Allan G. Timmermann
- Massimo Guidolin
- Michael W. Brandt
- Jessica A. Wachter
- A. Shleifer
Citations in the corpus
- Psychology-based Models of Asset Prices and Trading Volume (2018, background): “If specification (2) – a specification that generates momentum – is especially applicable in the housing market, this may explain why there is more short-term positive autocorrelation in housing returns than in stock market returns (Glaeser and Nathanson, 2015, 2017).”
- Extrapolation and bubbles (2018, unknown): “In setting θ, we are guided by the survey evidence analyzed by Greenwood and Shleifer (2014) on the beliefs of actual stock market investors about future returns.”
- IQ, Expectations, and Choice (2019, unknown): “…(2018), Armantier, Bruine de Bruin, Topa, Klaauw, and Zafar (2015), Crump, Eusepi, Tambalotti, and Topa (2018), Bachmann, Berg, and Sims (2015), Glaeser and Nathanson (2017), Fuster, Perez-Truglia, Wiederholt, and Zafar (2018), Malmendier and Nagel (2016), Roth and Wohlfart (2018), D’Acunto,…”
- Exposure to Daily Price Changes and Inflation Expectations (2019, unknown): “…are also a central driver of household-level investment choices—housing is typically the largest asset homeowner US households own—as well as aggregate business cycles through variation in observed house-price booms and busts (Piazzesi and Schneider (2009) and Glaeser and Nathanson (2017)).”
- Personal Experiences and Expectations about Aggregate Outcomes (2019, unknown): “Overly optimistic beliefs are often cited as major contributors to the run up in house prices prior to the recent financial crisis (see, for instance, Piazzesi and Schneider, 2009; Goetzmann et al., 2012; Burnside et al., 2016; Case et al., 2012; Glaeser and Nathanson, 2017).”
- House Price Momentum and Strategic Complementarity (2018, background): “, 2014), Bayesian learning (Anenberg, 2014), extrapolative expectations (Case and Shiller, 1987; Glaeser and Nathanson, 2017), and the gradual spread of sentiment (Burnside et al.”