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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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1994.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 1994/012 |
| 在线阅读: | Full text available on IMF |