Housing market dynamics : any news?
This paper quantifes the importance of news shocks for housing market fluctuations. To this purpose, we extend Iacoviello and Neri (2010) s model of the housing market to include news shocks and estimate it using Bayesian methods and U.S. data. We find that news shocks: (1) account for a sizable fra...
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| Formato: | workingPaper |
| Idioma: | eng |
| Publicado em: |
2012
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| Texto completo: | http://hdl.handle.net/10400.5/4576 |
| País: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/4576 |