Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5060267 | Economics Letters | 2012 | 5 Pages |
Abstract
The paper develops a housing deep-habit model to explore linkages between macroeconomic decisions and asset pricing of nondurable and housing goods. Owing to heterogeneous characteristics of housing assets, the model sheds insights into the counter-cyclical property of housing markups.
⺠The paper develops a housing deep-habit model with nondurable and housing goods. ⺠It allows cross-sector interactions on both supply and demand sides. ⺠The model sheds insights into the counter-cyclical property of housing markups.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
MeiChi Huang,