Housing in DSGE models: Findings and new directions

Housing Markets in Europe: A Macroeconomic Perspective

Volumn , Issue , 2010, Pages 3-16

  Iacoviello, Matteo ^a  

^a FEDERAL RESERVE BOARD   (United States)

Author keywords

Bayesian estimation; DSGE models; Housing markets; housing prices

Indexed keywords

EID: 84885994263     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1007/978-3-642-15340-2_1     Document Type: Chapter

References (28)

1. Angeloni, Ignazio, and Ester Faia (2009), A Tale of Two Policies: Prudential Regulation and Monetary Policy with Fragile Banks, Kiel Institute for the World Economy, Working Papers, No. 1569.
2. Bernanke, Ben S (2008), Housing, Mortgage Markets, and Foreclosures, remarks at The Federal Reserve System Conference on Housing and Mortgage Markets, Washington, D.C.
3. Brubakk, Leif, Selim Elekdag, and Junior Maih (2007), The Interactions Between Financial Frictions and Monetary Policy for Small Open Economies, IMF and Norges Bank, Working paper.
4. Christensen, Ian, Paul Corrigan, Caterina Mendicino and Shin-Ichi Nishiyama (2009), Consumption, Housing Collateral, and the Canadian Business Cycle, Bank of Canada, Working Papers, 09-26.
5. Davis, Morris A., and Jonathan Heathcote (2005), Housing and the Business Cycle, International Economic Review, 46, 3, 751-784.
6. Dib, Ali (2009), Banks, Credit Markets Frictions, and Business Cycles, Bank of Canada, Working paper.
7. Fernández-Villaverde, Jesus (2009), The econometrics of DSGE Models, SERIEs, 1.
8. Fisher, Jonas D. M. (2007), Why Does Household Investment Lead Business Investment over the Business Cycle?, Journal of Political Economy, 115, 1, 141-168.
9. Fuhrer, Jeff (2009), Inflation Persistence, in preparation for the Handbook ofMonetary Economics.
10. Gerali, Andrea, Stefano Neri, Luca Sessa, and Federico M. Signoretti (2009), Credit and Banking in a DSGE Model, Banca d'Italia, Working paper.
11. Gertler, Mark, and Peter Karadi (2009), AModel of Unconventional Monetary Policy, NYU,Working paper.
12. Gertler, Mark, and Nobuhiro Kiyotaki (2009), Financial Intermediation and Credit Policy in Business Cycle Analysis, NYU and Princeton, Working paper.
13. Head, Allen, and Huw Lloyd-Ellis (2008), Housing Liquidity, Mobility, and the Labour Market, Queen's University, Working paper.
14. Iacoviello Matteo (2005), House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle, American Economic Review, 95, 739-764
15. Iacoviello, Matteo, and Stefano Neri (2010), Housing Market Spillovers: Evidence from an Estimated DSGE Model, American Economic Association, American Economic Journal: Macroeconomics, 2,2,125-64.
16. Iacoviello, Matteo (2010),Financial Business Cycles, Federal Reserve Board, Working paper.
17. Iacoviello, Matteo (forthcoming), Housing Wealth and Consumption, International Encyclopedia of Housing and Home, Elsevier.
18. Kannan, Prakash, Pau Rabanal, and Alasdair Scott (2009), Monetary and Macroprudential Policy Rules in a Model with House Price Booms, IMF, Working paper.
19. Leamer, Edward E. (2007), Housing is the business cycle, Federal Reserve Bank of Kansas City, Proceedings, 149-233.
20. Lombardo, Giovanni and PeterMcAdam (2008), Adding FinancialMarket Frictions to the NAWM, European Central Bank, Working paper.
21. López Enciso, Enrique, and Andrés Salamanca Lugo (2009), El efecto riqueza de la vivienda en Colombia, Banco de la República, Colombia, Borradores de economíca.
22. Meh, Cesaire. and Kevin Moran (2004), Bank Capital, Agency Costs, and Monetary Policy, Bank of Canada, Working Paper No. 2004-6.
23. Rappaport, Jordan (2007), A Guide to Aggregate House Price Measures, Federal Reserve Bank of Kansas City, Economic Review, issue Second Quarter: 41-71.
24. Roeger, Werner, and Jan in 't Veld (2009), Fiscal Policy with Credit Constrained Households, European Commission, DG ECFIN, Working paper.
25. Sellin, Peter, and Karl Walentin (2010), Housing collateral and the monetary transmission mechanism, Riskbank, Working paper.
26. Sterk, Vincent (2010), Home Equity, Mobility, and Macroeconomic Fluctuations, De Nederlandsche Bank and University of Amsterdam, Working paper.
27. Woodford, Michael (2009), Convergence in Macroeconomics: Elements of the New Synthesis, American Economic Journal: Macroeconomics, 1, 1, 267-279.
28. Yang, Fang (2009), Consumption Over the Life Cycle: How Different is Housing?, Review of Economic Dynamics, 12, 3, 423-443.