Housing bubbles

American Economic Journal: Macroeconomics

Volumn 3, Issue 1, 2011, Pages 212-241

  Arce, Óscar ^a   López Salido, David ^b  

^a CNMV   (Spain)

^b FEDERAL RESERVE BOARD   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 79958129682     PISSN: 19457707     EISSN: 19457715     Source Type: Journal    
DOI: 10.1257/mac.3.1.212     Document Type: Article

References (21)

1. Aiyagari, S. Rao. 1989. "Equilibrium Existence in an Overlapping Generations Model with Altruistic Preferences." Journal of Economic Theory, 47(1): 130-52.
2. Aiyagari, S. Rao. 1992. "Co-existence of a Representative Agent Type Equilibrium with a Non-representative Agent Type Equilibrium." Journal of Economic Theory, 57(1): 230-36.
3. Arce, Óscar, and J. David López-Salido. 2008. "Housing Bubbles." Center for Economic and Policy Research (CEPR) Discussion Paper 6932.
4. Caballero, Ricardo. J. 2008. "On the Macroeconomics of Asset Shortages." In The Role of Money: Money and Monetary Policy in the Twenty-First Century, ed. Andreas Beyer and Lucrezia Reichlin, 272-83. Frankfurt: European Central Bank.
5. Caballero, Ricardo J., and Arvind Krishnamurthy. 2006. "Bubbles and Capital Flow Volatility: Causes and Risk Management." Journal of Monetary Economics, 53(1): 35-53.
6. Caballero, Ricardo J., Emmanuel Farhi, and Mohamad L. Hammour. 2006. "Speculative Growth: Hints from the U.S. Economy." American Economic Review, 96(4): 1159-92.
7. Case, Karl E., and Robert J. Shiller. 2003. "Is There a Bubble in the Housing Market?" Brookings Papers on Economic Activity, (2): 299-342.
8. Fernández-Villaverde, Jesús, and Dirk Krueger. 2007. "Consumption over the Life Cycle: Facts from Consumer Expenditure Survey Data." Review of Economics and Statistics, 89(3): 552-65.
9. Henderson, J. Vernon, and Yannis M. Ioannides. 1983. "A Model of Housing Tenure Choice." American Economic Review, 73(1): 98-113.
10. Jovanovic, Boyan. 2007. "Bubbles in Prices of Exhaustible Resources." National Bureau of Economic Research Working Paper 13320.
11. Kiyotaki, Nobuhiro, and John Moore. 1997. "Credit Cycles." Journal of Political Economy, 105(2): 211-48.
12. Kiyotaki, Nobuhiro, and John H. Moore. 2008. "Liquidity, Business Cycles, and Monetary Policy." Unpublished.
13. Obstfeld, Maurice, and Kenneth Rogoff. 1983. "Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?" Journal of Political Economy, 91(4): 675-87.
14. Ortalo-Magné, François, and Sven Rady. 2006. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints." Review of Economic Studies, 73(2): 459-85.
15. Poterba, James M. 1984. "Tax Subsidies to Owner-occupied Housing: An Asset-Market Approach." Quarterly Journal of Economics, 99(4): 729-52.
16. Samuelson, Paul A. 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money." Journal of Political Economy, 66(6): 467-82.
17. Stein, Jeremy C. 1995. "Prices and Trading Volume in the Housing Market: A Model with Down-Payment Effects." Quarterly Journal of Economics, 110(2): 379-406.
18. Tirole, Jean. 1985. "Asset Bubbles and Overlapping Generations." Econometrica, 53(6): 1499-1528.
19. Ventura, Jaume. 2003. "Economic Growth with Bubbles." Unpublished.
20. Ventura, Jaume. 2004. "Bubbles and Capital Flows." Unpublished.
21. Woodford, Michael. 1986. "Stationary Sunspot Equilibria in a Finance Constrained Economy." Journal of Economic Theory, 40(1): 128-37.