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-...
| Главный автор: | |
|---|---|
| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2019.
|
| Серии: | IMF Working Papers; Working Paper ;
No. 2019/063 |
| Online-ссылка: | Full text available on IMF |