(in land and housing, physical infrastructure, health and income); ii) labor market issues, including access to labor …

identify behavioural and Minskyan theories of housing cycles as suitable frameworks to theorise the impact of housing on growth …. However, this literature does not provide an analysis of cross-country differences in housing cycles. Third, drawing on the … CPE literature on housing systems, we argue that institutions such as homeownership rates and mortgage-credit encouraging …

This paper investigates the US housing market from just before the Great Recession onward (2006-19) and assesses the … from the housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can …, indicating the importance of stock-flow matching for understanding housing market dynamics. …

In this paper, I study the role of housing for wealth accumulation and the determination of the equilibrium real … increase in the share of housing wealth of almost 8 pp. All of these patterns are broadly in line with the empirical …

1990s, when barriers to setting up private businesses, trading housing, and migrating from rural to urban areas are struck … sector, uses housing as the main vehicle of wealth accumulation over the course of a long- time housing boom. Our …

consistent with micro evidence on housing choices. We find that a decline in the rate of household formation, increased delay in …

and recovered only partially during the 2001-2005 housing boom. The 1980-2000 decline in young home ownership occurred as …

This working paper comments on Karsten Jeske and Dirk Krueger's 'Housing and the Macroeconomy: The Role of Implicit …

-generation model with housing. We find that the long-run importance of the introduction of new mortgage products for the aggregate …