the United States, housing collateral effects on consumption are absent. Given credit conditions, rising house prices … mostly explained by movements in incomes, housing supply, mortgage interest rates and credit conditions, suggesting that the …

Shocks to the demand for housing that originate in one region may seem important only for that regional housing market …. We provide evidence that such shocks can also affect housing markets in other regions. Our analysis focuses on the … response of Canadian housing markets to oil price shocks. Oil price shocks constitute an important source of exogenous regional …

The common-factor hypothesis is one possible explanation for the housing wealth effect. Under this hypothesis, house … price appreciation is related to changes in consumption as long as the available proxies for the common driver of housing … and non-housing demand are noisy and housing supply is not perfectly elastic. We simulate a model in which a common factor …

This paper studies the impact of home purchase restrictions on China's housing market. We estimate a structural model … of household preference for housing, real estate developers' pricing decisions, and equilibrium market outcome in five … restrictions are implemented, overall housing demand in most cities becomes weaker and less price elastic; meanwhile, real estate …

-deviation contractionary monetary policy surprise lowers housing list prices by 0.2%- 0.3% within two weeks-a magnitude on par with the effect …

. To demonstrate the model's validity, we study policies advocated to reduce disparities: Do moving vouchers or housing … and wages. In contrast, our model shows that lower housing regulations in Vancouver can decrease the welfare gap between …-income cities becomes higher, reducing the incentive for low-wealth families to move precautionarily to locations with low housing …

The arrival of immigrants increases demand for housing and puts upward pressure on shelter prices. Using instrumental …

In this paper, we build a dynamic stochastic general-equilibrium model with housing and household debt, and compare the … effectiveness of monetary policy, housing-related fiscal policy, and macroprudential regulations in reducing household indebtedness …

case study based on the Canadian housing market is presented. …

Should monetary policy lean against housing market booms? We approach this question using a small-scale, regime …-switching New Keynesian model, where housing market crashes arrive with a logit probability that depends on the level of household …