Real Estate Price Inflation, Monetary Policy, and Expectations in the United States and Japan /
During the mid- to late 1980s, inflationary pressures were highly concentrated in asset markets in many industrial countries. This paper discusses why this may have occurred and then develops a forward-looking supply and demand model of the real estate market in which equilibrium prices depend on pr...
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| מחברים אחרים: | |
| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
1994.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 1994/012 |
| גישה מקוונת: | Full text available on IMF |