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Housing Prices and Growth

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  • James A. Kahn

    (Federal Reserve Bank of New York)

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    Abstract

    and services, are a plausible candidate for explaining the large low-frequency changes in housing prices. We also argue that this interpretation is reasonable given the nature of the technology that produces housing services, and is in accord with the broad patterns in data on housing and land prices. We also explore the role of permanent changes in labor supply as an additional explanatory factor.

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    File URL: http://www.economicdynamics.org/meetpapers/2007/paper_871.pdf
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    Bibliographic Info

    Paper provided by Society for Economic Dynamics in its series 2007 Meeting Papers with number 871.

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    Date of creation: 2007
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    Handle: RePEc:red:sed007:871

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    Postal: Society for Economic Dynamics Christian Zimmermann Economic Research Federal Reserve Bank of St. Louis PO Box 442 St. Louis MO 63166-0442 USA
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    1. Ngai, Liwa Rachel & Pissarides, Christopher, 2004. "Structural Change in a Multi-Sector Model of Growth," CEPR Discussion Papers 4763, C.E.P.R. Discussion Papers.
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    Cited by:
    1. Nobuhiro Kiyotaki & Alexander Michaelides & Kalin Nikolov, 2011. "Winners and Losers in Housing Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43, pages 255-296, 03.
    2. Nobuhiro Kiyotaki & Alexander Michaelides & Kalin Nikolov, 2007. " Winners and Losers in Housing Markets," CDMA Conference Paper Series 0705, Centre for Dynamic Macroeconomic Analysis.

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