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-...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Lian, Weicheng
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2019.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2019/063
ऑनलाइन पहुंच:Full text available on IMF