A mechanism for booms and busts in housing prices

DOI10.1016/J.JEDC.2014.09.033zbMath1402.91363OpenAlexW2096432525MaRDI QIDQ1623995

Tomoo Kikuchi, Marten Hillebrand

Publication date: 15 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://publikationen.bibliothek.kit.edu/1000028302/2132666

zbMATH Keywords

regime switchinghousing pricesboom-bust cyclescredit volumepure exchange OLG

Mathematics Subject Classification ID

Economic growth models (91B62)

Cites Work

• Bubbles and capital flows
• Uniqueness of Markov equilibrium in stochastic OLG models with nonclassical production
• Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints*

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