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Housing and Macroeconomics / Monika Piazzesi, Martin Schneider.
- Format:
- Book
- Author/Creator:
- Piazzesi, Monika.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w22354.
- NBER working paper series no. w22354
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2016.
- Summary:
- This paper surveys the literature on housing in macroeconomics. We first collect facts on house prices and quantities in both the time series and the cross section of households and housing markets. We then present a theoretical model of frictional housing markets with heterogeneous agents that nests or provides background for many studies. Finally, we describe quantitative results obtained during the last 15 years on household behavior, business cycle dynamics and asset pricing, as well as boom bust episodes.
- Notes:
- Print version record
- June 2016.
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