Housing deep-habit model: Mutual implications of macroeconomics and asset pricing

The paper develops a housing deep-habit model to explore linkages between macroeconomic decisions and asset pricing of nondurable and housing goods. Owing to heterogeneous characteristics of housing assets, the model sheds insights into the counter-cyclical property of housing markups.

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Year of publication:	2012
Authors:	Huang, MeiChi
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 116.2012, 3, p. 526-530
Publisher:	Elsevier
Subject:	Deep habits \| Asset pricing \| Counter-cyclical \| Housing markup

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Type of publication:	Article
Classification:	D10 - Household Behavior and Family Economics. General ; D40 - Market Structure and Pricing. General ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010594139