Housing and liquidity
Tài liệu tham khảo
Arce, 2011, Housing bubbles, American Economic Journal: Macroeconomics, 3, 212
Aruoba, 2007, Bargaining and the value of money, Journal of Monetary Economics, 54, 2636, 10.1016/j.jmoneco.2007.07.003
Aruoba, 2011, Money and capital, Journal of Monetary Economics, 58, 98, 10.1016/j.jmoneco.2011.03.003
Aruoba, S.B., Davis, M.A., Wright, R., in press. Homework in monetary economics: inflation, home production, and the production of homes. Review of Economic Dynamics. http://dx.doi.org/10.1016/j.red.2014.09.009.
Azariadis, 1993
Azariadis, 1986, Sunspots and cycles, Review of Economic Studies, 53, 725, 10.2307/2297716
Benhabib, 1994, Indeterminacy and increasing returns, Journal of Economic Theory, 63, 19, 10.1006/jeth.1994.1031
Berentsen, 2007, Money, credit and banking, Journal of Economic Theory, 135, 171, 10.1016/j.jet.2006.03.016
Brady, R.R., Stimel, D., 2011. How the housing and financial wealth effects have changed over time. US Naval Academy Econ. WP 31.
Brunnermeier, 2008, Money illusion and housing frenzies, The Review of Financial Studies, 21, 135, 10.1093/rfs/hhm043
Burnside, C., Eichenbaum, M., Rebelo, S., 2011. Understanding booms and busts in housing markets. NBER WP 16734.
Campbell, J.R., Hercowitz, Z., 2005. The role of collateralized household debt in macroeconomic stabilization. NBER WP 11330.
Campbell, 2009, What moves housing markets: a variance decomposition of the rent–price ratio, Journal of Urban Economics, 66, 90, 10.1016/j.jue.2009.06.002
Carapella, F., Williamson, S.D., 2014. Credit markets, limited commitment, and government debt. FRB St. Louis WP 2014-10.
Case, 2003, Is there a bubble in the housing market?, Brookings Papers on Economic Activity, 34, 299, 10.1353/eca.2004.0004
Chiappori, 1992, Sunspot fluctuations around a steady state: the case of multidimensional, one-step forward looking economic models, Econometrica, 60, 1097, 10.2307/2951540
Coles, 2003, Bargaining in a non-stationary environment, Journal of Economic Theory, 109, 70, 10.1016/S0022-0531(02)00034-0
Davis, 2007, The price and quantity of land in the United States, Journal of Monetary Economics, 54, 2595, 10.1016/j.jmoneco.2007.06.023
Diamond, 1983, Bank runs, deposit insurance, and liquidity, Journal of Political Economy, 91, 401, 10.1086/261155
Disney, 2011, House price growth, collateral constraints and the accumulation of homeowner debt in the United States, The B.E. Journals in Macroeconomics, 11
Farhi, 2012, Bubbly liquidity, Review of Economic Studies, 79, 678, 10.1093/restud/rdr039
Ferguson, 2008
Follain, 1982, Does inflation affect real behavior: the case of housing, Southern Economic Journal, 48, 570, 10.2307/1058651
Geromichalos, 2007, Asset prices and monetary policy, Review of Economic Dynamics, 10, 761, 10.1016/j.red.2007.03.002
Gertler, 2010, Financial intermediation and credit policy in business cycle analysis, 10.1016/B978-0-444-53238-1.00011-9
Glaeser, 2008, Housing supply and housing bubbles, Journal of Urban Economics, 64, 198, 10.1016/j.jue.2008.07.007
Greenspan, 2013, Sources and uses of equity extracted from homes, Oxford Review of Economic Policy, 24, 120, 10.1093/oxrep/grn003
Gu, C., Mattesini, F., Wright, R., 2013. Money and credit redux. Mimeo.
Gu, 2014, Endogenous credit cycles, Journal of Political Economy, 121, 940, 10.1086/673472
Hansen, 1985, Indivisible labor and the business cycle, Journal of Monetary Economics, 16, 309, 10.1016/0304-3932(85)90039-X
Harding, 2007, Depreciation of housing capital, maintenance, and house price inflation: estimates from a repeat sales model, Journal of Urban Economics, 61, 193, 10.1016/j.jue.2006.07.007
He, 2008, Money, banking and monetary policy, Journal of Monetary Economics, 55, 1013, 10.1016/j.jmoneco.2008.06.004
He, C., Wright, R., Zhu, Y., 2013. Housing and liquidity. Mimeo.
Head, 2012, Housing liquidity, mobility and the labour market, Review of Economic Studies, 79, 1559, 10.1093/restud/rds004
Herkenhoff, K.F., Ohanian, L.E., 2012. Foreclosure delay and US unemployment. Mimeo.
Hintermaier, T., Koeniger, W., 2012. Collateral constraints and self-fulfilling macroeconomic fluctuations. Mimeo.
Holmstrom, 1998, Private and public supply of liquidity, Journal of Political Economy, 106, 1, 10.1086/250001
Holmstrom, 2011
Hurst, 2004, Home is where the equity is: mortgage refinancing and household consumption, Journal of Money, Credit, and Banking, 36, 985, 10.1353/mcb.2005.0009
Iacoviello, 2005, Consumption, house prices and collateral constraints: a structural econometric analysis, The American Economic Review, 95, 739, 10.1257/0002828054201477
Iacoviello, 2013, Housing and debt over the life cycle and over the business cycle, Journal of Monetary Economics, 60, 221, 10.1016/j.jmoneco.2012.10.020
Jaccard, 2011, Asset pricing and housing supply in a production economy, The B.E. Journals in Macroeconomics, 11
Jacobe
Justiniano, A., Primiceri, G., Tambalotti, A., 2014. Credit supply and the housing boom. Mimeo.
Kearl, 1979, Inflation, mortgages, and housing, Journal of Political Economy, 87, 1115, 10.1086/260815
Kehoe, 1993, Debt-constrained asset markets, Review of Economic Studies, 60, 865, 10.2307/2298103
Kiyotaki, 1997, Credit cycles, Journal of Political Economy, 105, 211, 10.1086/262072
Kiyotaki, 1989, On money as a medium of exchange, Journal of Political Economy, 97, 927, 10.1086/261634
Kiyotaki, 2011, Winners and losers in housing markets, Journal of Money, Credit, and Banking, 43, 255, 10.1111/j.1538-4616.2011.00374.x
Kocherlakota, N., 2011. Two models of land overvaluation and their implications. Mimeo.
Lagos, 2005, A unified framework for monetary theory and policy analysis, Journal of Political Economy, 113, 463, 10.1086/429804
Lagos, R., Rocheteau, G., Wright, R., 2014. The art of monetary theory: a new monetarist perspective. Mimeo.
Lester, 2012, Liquidity, information, asset prices and monetary policy, Review of Economic Studies, 79, 1209, 10.1093/restud/rds003
Li, 2013, Liquidity and asset prices: a new monetarist approach, Journal of Monetary Economics, 60, 426, 10.1016/j.jmoneco.2013.04.005
Liu, Z., Wang, P., 2011. Credit constraints and self-fulfilling business cycles. FRB San Francisco WP 2010-22.
Liu, 2013, Land-price dynamics and macroeconomic fluctuations, Econometrica, 81, 1147, 10.3982/ECTA8994
Mian, 2011, House prices, home equity-based borrowing, and the US household leverage crisis, The American Economic Review, 101, 2132, 10.1257/aer.101.5.2132
Miao, J., Wang, P., 2011. Bubbles and credit constraints. Mimeo.
Ngai, 2009, Hot and cold seasons in the housing market, The American Economic Review
Nosal, 2011
Novy-Marx, 2009, Hot and cold markets, Real Estate Economics, 37, 1, 10.1111/j.1540-6229.2009.00232.x
Peralta-Alva, A., Manuelli, R., Garriga, C., 2011. Bubbles or fundamentals? Understanding housing boom and bust episodes. Mimeo.
Perli, 1998, Indeterminacy, home production, and the business cycle: a calibrated analysis, Journal of Monetary Economics, 41, 105, 10.1016/S0304-3932(97)00061-5
Perli, 1998, Increasing returns, home production and persistence of business cycles, Journal of Economic Dynamics & Control, 22, 519, 10.1016/S0165-1889(97)00073-0
Piazzesi, 2009, Momentum traders in the housing market: survey evidence and a search model, The American Economic Review, 99, 406, 10.1257/aer.99.2.406
Piazzesi, M., Schneider, M., 2010. Inflation and the price of real assets. Mimeo.
Piazzesi, M., Schneider, M., Stroebel, J., 2013. Segmented housing search. Mimeo.
Poterba, 1991, House price dynamics: the role of tax policy and demography, Brookings Papers on Economic Activity, 22, 143, 10.2307/2534591
Reinhart, 2009
Rocheteau, G., Petrosky-Nadeau, N., 2013. Unemployment, financial frictions, and the housing market. Mimeo.
Rocheteau, 2005, Money in search equilibrium, in competitive equilibrium, and in competitive search equilibrium, Econometrica, 73, 175, 10.1111/j.1468-0262.2005.00568.x
Rocheteau, 2013, Liquidity and asset-market dynamics, Journal of Monetary Economics, 60, 275, 10.1016/j.jmoneco.2012.11.002
Rocheteau, 2008, General equilibrium with nonconvexities and money, Journal of Economic Theory, 142, 294, 10.1016/j.jet.2006.07.011
Rogerson, 1988, Indivisible labor, lotteries, and equilibrium, Journal of Monetary Economics, 21, 3, 10.1016/0304-3932(88)90042-6
Sanches, 2010, Money and credit with limited commitment and theft, Journal of Economic Theory, 145, 1525, 10.1016/j.jet.2009.12.002
Shiller
Swanson, 2012, Risk aversion and the labor margin in dynamic equilibrium models, The American Economic Review, 102, 1663, 10.1257/aer.102.4.1663
Venkateswarany, 2013, A new monetarist model of financial and macroeconomic activity, NBER Macroeconomics Annual, 227
Williamson, 2010, New monetarist economics: methods, Federal Reserve Bank of St. Louis Review, 92
Williamson, 2010, New monetarist economics: models, 10.1016/B978-0-444-53238-1.00002-8
Wong, R., 2012. A tractable monetary model under general preferences. Mimeo.
Wright, 2010, A uniqueness proof for monetary steady state, Journal of Economic Theory, 145, 382, 10.1016/j.jet.2009.11.004
Wright, 2014, Buyers, sellers and middlemen: variations on search-theoretic themes, International Economic Review, 55, 375, 10.1111/iere.12053