We integrate the housing market and the labor market in a dynamic general equilibrium model with credit and search …

statistical evidences that the movements of aggregate consumption, disposable income, housing wealth and financial wealth are tied … together. However, it also suggests that the short run variations in the Swedish housing market are largely dissociated with … consumer spending. Meanwhile, it is shown that the strength of the linkage between consumption and housing wealth is not …

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 …

-sponsored enterprises. We construct a model with competitive housing and mortgage markets in which the government provides banks with … of this government subsidy of owner-occupied housing. Preliminary findings indicate that the subsidy leads to higher … equilibrium housing investment, higher mortgage default rates, and lower welfare. The welfare effects of this policy vary …

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 …