Expectations and the housing boom and bust. An open economy view
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DOI: 10.1016/j.jhe.2020.101690
Abstract: I show that, across and within countries, both the expansion and shrinking of the Global Imbalances since the mid 1990s are strongly correlated with the dynamics of housing markets. Then I study a quantitative model… read more here.
Keywords: housing boom; bust open; housing; expectations housing ... See more keywords