Housing prices and household borrowing are expected to be tightly connected to each other. Better availability of …, housing prices may significantly influence household borrowing through various wealth effects. Employing time series … credit eases liquidity constraints of households, which is likely to lead to higher demand for housing. On the other hand …

Housing prices and household borrowing are expected to be tightly connected to each other. Better availability of …, housing prices may significantly influence household borrowing through various wealth effects. Employing time series … credit eases liquidity constraints of households, which is likely to lead to higher demand for housing. On the other hand …

In this paper, we analyze the borrowing behavior of Japanese households in comparison to the other Group of Seven (G7 … in recent years, due partly to the fact that tax breaks for housing purchase, reforms in the housing loan market since … the early 2000s, and expansionary monetary policy enabled Japanese households to purchase housing at a younger age than …

In this paper, we analyze the borrowing behavior of Japanese households in comparison to the other Group of Seven (G7 … in recent years, due partly to the fact that tax breaks for housing purchase, reforms in the housing loan market since … the early 2000s, and expansionary monetary policy enabled Japanese households to purchase housing at a younger age than …

inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution … and higher user costs of housing are both associated with larger money holdings. Country-specific money holdings are also … connected with structural features of the housing market. …

inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution … and higher user costs of housing are both associated with larger money holdings. Country-specific money holdings are also … connected with structural features of the housing market. …

inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution … and higher user costs of housing are both associated with larger money holdings. Country-specific money holdings are also … connected with structural features of the housing market. …

We study housing and debt in a quantitative general equilibrium model. In the cross-section, the model matches the … wealth distribution, the age pro?les of homeownership and mortgage debt, and the frequency of housing adjustment. In the time …-series, the model matches the procyclicality and volatility of housing investment, and the procyclicality of mortgage debt. We use …

This article provides new empirical evidence on the dynamics of price movements and transaction volume in the housing … negative correlation between price level and sales that has been found in a number of housing markets. It is also found that … the direct predictive ability of the fundamentals with respect to housing price growth and sales is overwhelmed by the …

This article provides new empirical evidence on the dynamics of price movements and transaction volume in the housing … negative correlation between price level and sales that has been found in a number of housing markets. It is also found that … the direct predictive ability of the fundamentals with respect to housing price growth and sales is overwhelmed by the …