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Browsing MWP Working Papers by Author "KASHIWAGI, Masanori"
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Title:Self-fulfilling Beliefs and Bounded Bubbles in the U.S. Housing Market
Author(s):KASHIWAGI, MasanoriDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:This paper provides an equilibrium framework to organize the following empirical observations on the
U.S. housing market from 1975 to 2007: (i) housing tenure and vacancies were approximately
constant, (ii) rents were ...