Bubbly booms and welfare

Bubbly booms and welfare

We show the competing effects of a housing bubble on the real economy by developing a multi-sector dynamic model with housing production. On the one hand, firms can sell or collateralize their housing, so a housing bubble helps firms obtain credit to finance their investment and expand production. O...

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Bibliographic Details
Main Authors: DONG, Feng, JIAO, Yang, SUN, Haoning
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2024
Subjects:
Collateral effect
Credit constraint
Crowd-out effect
Housing bubble
Housing policies
Econometrics
Finance
Real Estate
Online Access:https://ink.library.smu.edu.sg/soe_research/2739
https://ink.library.smu.edu.sg/context/soe_research/article/3738/viewcontent/SSRN_id4502993.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/2739
https://ink.library.smu.edu.sg/context/soe_research/article/3738/viewcontent/SSRN_id4502993.pdf

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