Carrington, Sarah J.; Madsen, Jakob B. - Department of Econometrics and Business Statistics, … - 2009
This paper establishes a Tobin’s q model in which house prices fluctuate around their long run equilibrium due to … Lend
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Sarah J. Carrington and Jakob B. Madsen
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Abstract. This paper establishes a Tobin’s q model in … secondary
effects on house price fluctuations.
Key words: Willingness to lend, Tobin’s q. House prices
JEL …