Does Space Matter? The Case of the Housing Expenditure Cap
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Gong, Yifan & Leung, Charles Ka Yui, 2024. "Does space matter? The case of the housing expenditure cap," Regional Science and Urban Economics, Elsevier, vol. 104(C).
- Gong, Yifan & Leung, Charles Ka Yui, 2023. "Does space natter? The case of the housing expenditure cap," MPRA Paper 118686, University Library of Munich, Germany.
References listed on IDEAS
- Nechyba, Thomas, 2003.
"School finance, spatial income segregation, and the nature of communities,"
Journal of Urban Economics, Elsevier, vol. 54(1), pages 61-88, July.
- Nechyba, Thomas J., 2002. "School Finance, Spatial Income Segregation and the Nature of Communities," Working Papers 02-17, Duke University, Department of Economics.
- Sami Alpanda & Gino Cateau & Césaire Meh, 2018.
"A policy model to analyze macroprudential regulations and monetary policy,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 51(3), pages 828-863, August.
- Sami Alpanda & Gino Cateau & Césaire Meh, 2018. "A policy model to analyze macroprudential regulations and monetary policy," Canadian Journal of Economics, Canadian Economics Association, vol. 51(3), pages 828-863, August.
- Sami Alpanda & Gino Cateau & Cesaire Meh, 2014. "A policy model to analyze macroprudential regulations and monetary policy," BIS Working Papers 461, Bank for International Settlements.
- Sami Alpanda & Gino Cateau & Césaire Meh, 2014. "A Policy Model to Analyze Macroprudential Regulations and Monetary Policy," Staff Working Papers 14-6, Bank of Canada.
- Carpantier, Jean-Francois & Olivera, Javier & Van Kerm, Philippe, 2018.
"Macroprudential policy and household wealth inequality,"
Journal of International Money and Finance, Elsevier, vol. 85(C), pages 262-277.
- Jean-Francois Carpantier & Olivera Javier & van Kerm Philippe, 2017. "Macroprudential Policy and Household Wealth Inequality," Working Papers hal-01821126, HAL.
- Jean-Francois Carpantier & Javier Olivera & Philippe van Kerm, 2018. "Macroprudential policy and household wealth inequality," Post-Print hal-01795052, HAL.
- CARPANTIER Jean-François & OLIVERA Javier & VAN KERM Philippe, 2017. "Macroprudential Policy and Household Wealth Inequality," LISER Working Paper Series 2017-09, Luxembourg Institute of Socio-Economic Research (LISER).
- Jean-Francois Carpantier & Javier Olivera & Philippe Van Kerm, 2017. "Macroprudential policy and household wealth inequality," Working Papers 442, ECINEQ, Society for the Study of Economic Inequality.
- Jean-Francois Carpantier & Javier Olivera Angulo & Philippe Van Kerm, 2017. "Macroprudential policy and household wealth inequality," Working Papers of Department of Economics, Leuven 584609, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
- Cooley, Thomas F & Hansen, Gary D, 1989.
"The Inflation Tax in a Real Business Cycle Model,"
American Economic Review, American Economic Association, vol. 79(4), pages 733-748, September.
- Thomas F. Cooley & Gary D. Hansen, 1987. "The Inflation Tax in a Real Business Cycle Model," UCLA Economics Working Papers 496, UCLA Department of Economics.
- Cooley, T.F. & Hansen, G.D., 1988. "The Inflation Tax In A Real Business Cycle Model," RCER Working Papers 155, University of Rochester - Center for Economic Research (RCER).
- Cooley, T.F. & Hansen, G.D., 1988. "The Inflation Tax In A Real Business Cycle Model," Papers 88-05, Rochester, Business - General.
- Wolpin, Kenneth I., 2013. "The Limits of Inference without Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262019086, December.
- Shell, Karl & Wright, Randall, 1993.
"Indivisibilities, Lotteries, and Sunspot Equilibria,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(1), pages 1-17, January.
- Karl Shell & Randall Wright, 1991. "Indivisibilities, lotteries, and sunspot equilibria," Staff Report 133, Federal Reserve Bank of Minneapolis.
- Karl Shell & Randall Wright, 2010. "Indivisibilities, Lotteries and Sunspot Equilibria," Levine's Working Paper Archive 2061, David K. Levine.
- de Bartolome, Charles A. M. & Ross, Stephen L., 2003.
"Equilibria with local governments and commuting: income sorting vs income mixing,"
Journal of Urban Economics, Elsevier, vol. 54(1), pages 1-20, July.
- Charles A. M. de Bartolome & Stephen L. Ross, 2002. "Equilibria with Local Governments and Commuting: Income Sorting vs. Income Mixing," Working papers 2002-01, University of Connecticut, Department of Economics, revised Mar 2003.
- Xiaojin Sun & Kwok Ping Tsang, 2018. "The impact of monetary policy on local housing markets: Do regulations matter?," Empirical Economics, Springer, vol. 54(3), pages 989-1015, May.
- Guerello, Chiara, 2018. "Conventional and unconventional monetary policy vs. households income distribution: An empirical analysis for the Euro Area," Journal of International Money and Finance, Elsevier, vol. 85(C), pages 187-214.
- Gravel, Nicolas & Oddou, Rémy, 2014.
"The segregative properties of endogenous jurisdiction formation with a land market,"
Journal of Public Economics, Elsevier, vol. 117(C), pages 15-27.
- Nicolas Gravel & Rémy Oddou, 2011. "The segregative properties of endogenous jurisdiction formation with a land market," Working Papers halshs-00634009, HAL.
- Nicolas Gravel & Rémy Oddou, 2014. "The segregative properties of endogenous jurisdiction formation with a land market," Post-Print hal-01410629, HAL.
- Thomas J. Nechyba, 2000. "Mobility, Targeting, and Private-School Vouchers," American Economic Review, American Economic Association, vol. 90(1), pages 130-146, March.
- John M. Quigley & Steven Raphael, 2004.
"Is Housing Unaffordable? Why Isn't It More Affordable?,"
Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 191-214, Winter.
- Quigley, John M. & Raphael, Steven, 2004. "Is Housing Unaffordable? Why Isn't It More Affordable?," Berkeley Program on Housing and Urban Policy, Working Paper Series qt1vp9j3k0, Berkeley Program on Housing and Urban Policy.
- Yuxi Yao, 2023.
"Accounting for the decline in homeownership among the young,"
Contemporary Economic Policy, Western Economic Association International, vol. 41(1), pages 79-102, January.
- Yuxi Yao, 2021. "Accounting for the Decline in Homeownership among the Young," GRU Working Paper Series GRU_2021_010, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
- R. C. Geary, 1950. "A Note on "A Constant-Utility Index of the Cost of Living"," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 18(1), pages 65-66.
- Masao Ogaki & Carmen M. Reinhart, 1998.
"Measuring Intertemporal Substitution: The Role of Durable Goods,"
Journal of Political Economy, University of Chicago Press, vol. 106(5), pages 1078-1098, October.
- Ogaki, M & Reinhart, C-M, 1995. "Measuring Intertemporal Substitution : The Role of Durable Goods," RCER Working Papers 404, University of Rochester - Center for Economic Research (RCER).
- Reinhart, Carmen & Ogaki, Masao, 1995. "Measuring intertemporal substitution: The role of durable goods," MPRA Paper 13690, University Library of Munich, Germany.
- Jack Favilukis & Pierre Mabille & Stijn Van Nieuwerburgh, 2023.
"Affordable Housing and City Welfare,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(1), pages 293-330.
- Jack Favilukis & Pierre Mabille & Stijn Van Nieuwerburgh, 2018. "Affordable Housing and City Welfare," 2018 Meeting Papers 867, Society for Economic Dynamics.
- Van Nieuwerburgh, Stijn & Favilukis, Jack & ,, 2019. "Affordable Housing and City Welfare," CEPR Discussion Papers 13758, C.E.P.R. Discussion Papers.
- Jack Favilukis & Pierre Mabille & Stijn Van Nieuwerburgh, 2019. "Affordable Housing and City Welfare," NBER Working Papers 25906, National Bureau of Economic Research, Inc.
- Epple, Dennis & Romer, Thomas, 1991. "Mobility and Redistribution," Journal of Political Economy, University of Chicago Press, vol. 99(4), pages 828-858, August.
- Carreras, Oriol & Davis, E. Philip & Piggott, Rebecca, 2018. "Assessing macroprudential tools in OECD countries within a cointegration framework," Journal of Financial Stability, Elsevier, vol. 37(C), pages 112-130.
- Gerald A. Carlino & Albert Saiz, 2019.
"Beautiful city: Leisure amenities and urban growth,"
Journal of Regional Science, Wiley Blackwell, vol. 59(3), pages 369-408, June.
- Gerald A. Carlino & Albert Salz, 2019. "Beautiful City: Leisure Amenities and Urban Growth," Working Papers 19-16, Federal Reserve Bank of Philadelphia.
- James J. Heckman, 2010.
"Building Bridges between Structural and Program Evaluation Approaches to Evaluating Policy,"
Journal of Economic Literature, American Economic Association, vol. 48(2), pages 356-398, June.
- James J. Heckman, 2010. "Building Bridges Between Structural and Program Evaluation Approaches to Evaluating Policy," NBER Working Papers 16110, National Bureau of Economic Research, Inc.
- repec:imf:imfdps:2023/002 is not listed on IDEAS
- Claessens, Stijn & Ghosh, Swati R. & Mihet, Roxana, 2013.
"Macro-prudential policies to mitigate financial system vulnerabilities,"
Journal of International Money and Finance, Elsevier, vol. 39(C), pages 153-185.
- Mr. Stijn Claessens & Swart R. Ghosh & Miss Roxana Mihet, 2014. "Macro-Prudential Policies to Mitigate Financial System Vulnerabilities," IMF Working Papers 2014/155, International Monetary Fund.
- Gambacorta, Leonardo & Murcia, Andrés, 2020. "The impact of macroprudential policies in Latin America: An empirical analysis using credit registry data," Journal of Financial Intermediation, Elsevier, vol. 42(C).
- Monika Piazzesi & Martin Schneider & Johannes Stroebel, 2020.
"Segmented Housing Search,"
American Economic Review, American Economic Association, vol. 110(3), pages 720-759, March.
- Martin Schneider & Johannes Stroebel & Monika Piazzesi, 2012. "Segmented Housing Search," 2012 Meeting Papers 670, Society for Economic Dynamics.
- Monika Piazzesi & Martin Schneider & Johannes Stroebel, 2015. "Segmented Housing Search," NBER Working Papers 20823, National Bureau of Economic Research, Inc.
- Martin Beraja & Andreas Fuster & Erik Hurst & Joseph Vavra, 2019.
"Regional Heterogeneity and the Refinancing Channel of Monetary Policy,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(1), pages 109-183.
- Martin Beraja & Andreas Fuster & Erik Hurst & Joseph Vavra, 2015. "Regional heterogeneity and the refinancing channel of monetary policy," Staff Reports 731, Federal Reserve Bank of New York.
- Rogerson, Richard, 1988.
"Indivisible labor, lotteries and equilibrium,"
Journal of Monetary Economics, Elsevier, vol. 21(1), pages 3-16, January.
- Richard Rogerson, 2010. "Indivisible Labor, Lotteries and Equilibrium," Levine's Working Paper Archive 250, David K. Levine.
- Wang, Ping & Xie, Danyang, 2014.
"Housing Dynamics: Theory Behind Empirics,"
MPRA Paper
59057, University Library of Munich, Germany.
- Ping Wang & Danyang Xie, 2022. "Housing Dynamics: Theory Behind Empirics," NBER Working Papers 30516, National Bureau of Economic Research, Inc.
- Fratantoni, Michael & Schuh, Scott, 2003. "Monetary Policy, Housing, and Heterogeneous Regional Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 35(4), pages 557-589, August.
- Per Krusell & Lee E. Ohanian & JosÈ-Victor RÌos-Rull & Giovanni L. Violante, 2000.
"Capital-Skill Complementarity and Inequality: A Macroeconomic Analysis,"
Econometrica, Econometric Society, vol. 68(5), pages 1029-1054, September.
- Per Krusell & Lee E. Ohanian & José-Víctor Ríos-Rull & Giovanni L. Violante, 1997. "Capital-skill complementarity and inequality: a macroeconomic analysis," Staff Report 239, Federal Reserve Bank of Minneapolis.
- David Albouy & Gabriel Ehrlich & Yingyi Liu, 2016. "Housing Demand, Cost-of-Living Inequality, and the Affordability Crisis," NBER Working Papers 22816, National Bureau of Economic Research, Inc.
- Petra E. Todd & Kenneth I. Wolpin, 2023. "The Best of Both Worlds: Combining Randomized Controlled Trials with Structural Modeling," Journal of Economic Literature, American Economic Association, vol. 61(1), pages 41-85, March.
- Van Bekkum, Sjoerd & Gabarró, Marc & Irani, Rustom & Peydró, José-Luis, 2019.
"Take It to the Limit? The Effects of Household Leverage Caps,"
EconStor Preprints
216797, ZBW - Leibniz Information Centre for Economics.
- Sjoerd van Bekkum & Marc Gabarro & Rustom M. Irani & José-Luis Peydró, 2019. "Take it to the Limit? The Effects of Household Leverage Caps," Working Papers 1132, Barcelona School of Economics.
- Irani, Rustom M & van Bekkum, Sjoerd & Gabarro, Marc & Peydró, José-Luis, 2019. "Take It to the Limit? The Effects of Household Leverage Caps," CEPR Discussion Papers 13503, C.E.P.R. Discussion Papers.
- Sjoerd Van Bekkum & Marc Gabarro & Rustom M. Irani & José-Luis Peydró, 2019. "Take It to the limit? The effects of household leverage caps," Economics Working Papers 1682, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2022.
- Armstrong, Jed & Skilling, Hayden & Yao, Fang, 2019. "Loan-to-value ratio restrictions and house prices: Micro evidence from New Zealand," Journal of Housing Economics, Elsevier, vol. 44(C), pages 88-98.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Charles Ka Yui LEUNG, 2022.
"Housing and Macroeconomics,"
ISER Discussion Paper
1197, Institute of Social and Economic Research, Osaka University.
- Leung, Charles Ka Yui, 2022. "Housing and Macroeconomics," MPRA Paper 115500, University Library of Munich, Germany.
- Simona Malovana & Martin Hodula & Zuzana Gric & Josef Bajzik, 2022. "Borrower-Based Macroprudential Measures and Credit Growth: How Biased is the Existing Literature?," Working Papers 2022/8, Czech National Bank.
- Charles Ka Yui Leung & Joe Cho Yiu Ng, 2018.
"Macro Aspects of Housing,"
GRU Working Paper Series
GRU_2018_016, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
- Leung, Charles Ka Yui & Ng, Joe Cho Yiu, 2018. "Macro Aspects of Housing," MPRA Paper 93512, University Library of Munich, Germany.
- Charles Ka Yui Leung & Joe Cho Yiu Ng, 2018. "Macro Aspects of Housing," Globalization Institute Working Papers 340, Federal Reserve Bank of Dallas.
- Charles Ka Yui LEUNG & Joe Cho Yiu NG, 2018. "Macro Aspects of Housing," ISER Discussion Paper 1030, Institute of Social and Economic Research, Osaka University.
- Calabrese, Stephen & Epple, Dennis & Romano, Richard, 2023.
"Majority choice of taxation and redistribution in a federation,"
Journal of Public Economics, Elsevier, vol. 217(C).
- Stephen Calabrese & Dennis Epple & Richard Romano, 2018. "Majority Choice of Taxation and Redistribution in a Federation," NBER Working Papers 25099, National Bureau of Economic Research, Inc.
- Stephen M. Calabrese & Dennis N. Epple & Richard E. Romano, 2012.
"Inefficiencies from Metropolitan Political and Fiscal Decentralization: Failures of Tiebout Competition,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 79(3), pages 1081-1111.
- Stephen Calabrese & Dennis N. Epple & Richard Romano, 2011. "Inefficiencies from Metropolitan Political and Fiscal Decentralization: Failures of Tiebout Competition," NBER Working Papers 17251, National Bureau of Economic Research, Inc.
- Rocheteau, Guillaume & Rupert, Peter & Shell, Karl & Wright, Randall, 2008. "General equilibrium with nonconvexities and money," Journal of Economic Theory, Elsevier, vol. 142(1), pages 294-317, September.
- Terry J. Fitzgerald, 1998.
"Work Schedules, Wages and Employment in a General Equilibrium Model with Team Production,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(4), pages 809-834, October.
- Terry J. Fitzgerald, 1996. "Work schedules, wages, and employment in a general equilibrium model with team production," Working Papers (Old Series) 9613, Federal Reserve Bank of Cleveland.
- Brian Asquith & Evan Mast & Davin Reed, 2019.
"Supply Shock Versus Demand Shock: The Local Effects of New Housing in Low-Income Areas,"
Upjohn Working Papers
19-316, W.E. Upjohn Institute for Employment Research.
- Brian Asquith & Evan Mast & Davin Reed, 2020. "Supply Shock Versus Demand Shock: The Local Effects of New Housing in Low-Income Areas," Working Papers 20-07, Federal Reserve Bank of Philadelphia.
- Guillaume Rocheteau & Peter Rupert & Randall Wright, 2007.
"Inflation and Unemployment in General Equilibrium,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 109(4), pages 837-855, December.
- Rocheteau, Guillaume & Rupert, Peter & Wright, Randall, 2007. "Inflation and Unemployment in General Equilibrium," University of California at Santa Barbara, Economics Working Paper Series qt2fq1855f, Department of Economics, UC Santa Barbara.
- Rocheteau, Guillaume & Rupert, Peter & Shell, Karl & Wright, Randall, 2005.
"General Equilibrium with Nonconvexities, Sunspots, and Money,"
Working Papers
05-16, Cornell University, Center for Analytic Economics.
- Guillaume Rocheteau & Peter Rupert & Karl Shell & Randall Wright, 2006. "General Equilibrium with NonConvexities, Sunspots and Money," 2006 Meeting Papers 833, Society for Economic Dynamics.
- Guillaume Rocheteau & Peter Rupert & Karl Shell & Randall Wright, 2005. "General equilibrium with nonconvexities, sunspots, and money," Working Papers (Old Series) 0513, Federal Reserve Bank of Cleveland.
- Jess Benhabib & Randall Wright & Richard Rogerson, 1990. "Homework in Macoreconomics I: Basic Theory (Part I of II)," NBER Working Papers 3344, National Bureau of Economic Research, Inc.
- Williamson, Stephen & Wright, Randall, 2010.
"New Monetarist Economics: Models,"
Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 2, pages 25-96,
Elsevier.
- Stephen D. Williamson & Randall Wright, 2010. "New Monetarist Economics: models," Staff Report 443, Federal Reserve Bank of Minneapolis.
- Williamson, Stephen D. & Wright, Randall, 2010. "New Monetarist Economics: Models," MPRA Paper 21030, University Library of Munich, Germany.
- de Bartolome, Charles A.M. & Ross, Stephen L., 2007. "Community income distributions in a metropolitan area," Journal of Urban Economics, Elsevier, vol. 61(3), pages 496-518, May.
- Chen, Minghua & Kang, Qiaoling & Wu, Ji & Jeon, Bang Nam, 2022. "Do macroprudential policies affect bank efficiency? Evidence from emerging economies," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 77(C).
- Xing Zhang & Fengchao Li & Zhen Li & Yingying Xu, 2018. "Macroprudential Policy, Credit Cycle, and Bank Risk-Taking," Sustainability, MDPI, vol. 10(10), pages 1-18, October.
- William N Goetzmann & Christophe Spaenjers & Stijn Van Nieuwerburgh, 2021.
"Real and Private-Value Assets [Gendered prices],"
The Review of Financial Studies, Society for Financial Studies, vol. 34(8), pages 3497-3526.
- Van Nieuwerburgh, Stijn & Goetzmann, William & Spaenjers, Christophe, 2021. "Real and Private Value Assets," CEPR Discussion Papers 16083, C.E.P.R. Discussion Papers.
- William Goetzmann & Christophe Spaenjers & Stijn van Nieuwerburgh, 2021. "Real and Private-Value Assets," Working Papers hal-03501704, HAL.
- William N. Goetzmann & Christophe Spaenjers & Stijn Van Nieuwerburgh, 2021. "Real and Private-Value Assets," NBER Working Papers 28580, National Bureau of Economic Research, Inc.
- Wilhelmsson, Mats, 2022.
"What is the impact of macroprudential regulations on the Swedish housing market?,"
Journal of Housing Economics, Elsevier, vol. 57(C).
- Wilhelmsson, Mats, 2019. "What is the impact of macroprudential regulations on the Swedish housing market?," Working Paper Series 19/6, Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance.
- Chen, Yunping & Chen, Huanhuan & Li, Guorong & Jiao, Dongdan & Xu, Xiangyun, 2021. "Time-varying effect of macro-prudential policies on household credit growth: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 241-254.
- Grossmann, Volker & Larin, Benjamin & Löfflad, Hans Torben & Steger, Thomas, 2021. "Distributional consequences of surging housing rents," Journal of Economic Theory, Elsevier, vol. 196(C).
- Ligia Alba Melo-Becerra & Luis E. Arango & Oscar Iván Ávila-Montealegre & Jhorland Ayala-García & Leonardo Bonilla-Mejía & Jesús Alonso Botero-García & Carolina Crispin-Fory & Manuela Cardona & Daniel, 2023. "Aspectos financieros y fiscales del sistema de salud en Colombia," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, issue 106, pages 1-92, October.
More about this item
JEL classification:
- D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
- R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General
- R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-GEO-2023-10-16 (Economic Geography)
- NEP-GER-2023-10-16 (German Papers)
- NEP-URE-2023-10-16 (Urban and Real Estate Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dpr:wpaper:1214. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Librarian (email available below). General contact details of provider: https://edirc.repec.org/data/isosujp.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.