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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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2024
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| Subjects: | |
| 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 |