Explaining the Boom-Bust Cycle in the U.S. Housing Market: A Reverse-Engineering Approach
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DOI: 10.24148/wp2015-02
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- Paolo Gelain & Kevin J. Lansing & Gisle J. Natvik, 2018. "Explaining the Boom–Bust Cycle in the U.S. Housing Market: A Reverse‐Engineering Approach," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(8), pages 1751-1783, December.
- Paolo Gelain & Kevin J. Lansing & Gisle J. Natvik, 2015. "Explaining the Boom-Bust Cycle in the U.S. Housing Market: A Reverse-Engineering Approach," Working Paper 2015/11, Norges Bank.
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Citations
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Cited by:
- Paolo Gelain & Kevin J Lansing & Gisle James Natvik, 2018.
"Leaning Against the Credit Cycle,"
Journal of the European Economic Association, European Economic Association, vol. 16(5), pages 1350-1393.
- Paolo Gelain & Kevin J. Lansing & Gisle J. Natvik, 2015. "Leaning Against the Credit Cycle," Working Paper 2015/04, Norges Bank.
- Paolo Gelain & Kevin J. Lansing & Gisele J. Natvik, 2017. "Leaning Against the Credit Cycle," Working Paper Series 2017-18, Federal Reserve Bank of San Francisco.
- Chi-Young Choi & Soojin Jo, 2020. "How Do Housing Markets Affect Local Consumer Prices? – Evidence from U.S. Cities," Globalization Institute Working Papers 398, Federal Reserve Bank of Dallas.
- Miroslav Gabrovski & Victor Ortego-Marti, 2018.
"Search and Credit Frictions in the Housing Market,"
Working Papers
201816, University of California at Riverside, Department of Economics.
- Miroslav Gabrovski & Victor Ortego-Marti, 2020. "Search and Credit Frictions in the Housing Market," Working Papers 202016, University of California at Riverside, Department of Economics.
- Miroslav Gabrovski & Victor Ortego-Marti, 2018. "Search and Credit Frictions in the Housing Market," Working Papers 201811, University of Hawaii at Manoa, Department of Economics.
- Hull, Isaiah, 2015. "What Broke First? Characterizing Sources of Structural Change Prior to the Great Recession," Working Paper Series 301, Sveriges Riksbank (Central Bank of Sweden).
- Bechlioulis, Alexandros P. & Brissimis, Sophocles N., 2019. "Consumer debt non-payment and the borrowing constraint: Implications for consumer behavior," Journal of Banking & Finance, Elsevier, vol. 101(C), pages 161-172.
- Tang, Yang & Zeng, Ting & Zhu, Shenghao, 2020. "Bubbles and house price dispersion in the United States during 1975–2017," Journal of Macroeconomics, Elsevier, vol. 63(C).
- Nelson Lind, 2017. "Credit Regimes and the Seeds of Crisis," 2017 Meeting Papers 1474, Society for Economic Dynamics.
- Kevin J. Lansing, 2017. "Endogenous Regime Switching Near the Zero Lower Bound," Working Paper Series 2017-24, Federal Reserve Bank of San Francisco.
- Olivier Mesly & David W. Shanafelt & Nicolas Huck, 2020. "Dysfunctional markets: A spray of prey perspective," Working Papers of BETA 2020-34, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
More about this item
Keywords
Housing bubbles; Mortgage debt; Borrowing constraints; Lending standards; macroprudential policy.;JEL classification:
- D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2015-02-11 (Banking)
- NEP-DGE-2015-02-11 (Dynamic General Equilibrium)
- NEP-MAC-2015-02-11 (Macroeconomics)
Statistics
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