Fundamental and Speculative Demands for Housing /

This paper separates the roles of demand for housing services and belief about future house prices in a house price cycle, by utilizing a feature of user-cost-of-housing that it is sensitive to demand for housing services only. Optimality conditions of producing housing services determine user-cost-...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Lian, Weicheng
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2019.
سلاسل:IMF Working Papers; Working Paper ; No. 2019/063
الوصول للمادة أونلاين:Full text available on IMF