Housing Wealth Effects: The Long View

Macro Finance
Written By Rowdy Ferret Design

Housing Wealth Effects: The Long View (with Adam Guren, Alisdair McKay, and Emi Nakamura)

Review of Economic Studies, 88(2), 669-707, March 2021.

Local House Price Sensitivity Estimates -- Online Appendix -- Replication Files

The housing wealth elasticity was no higher in the 2000s than before. The important role of housing in the 2000s boom-bust was due to the large movements in house prices as opposed to an unusually large housing wealth elasticity. We find no boom-bust asymmetry in the housing wealth elasticity. 

Rowdy Ferret Design

Oakland based web designer and developer.

Loves long walks in the woods and barbeque.

http://rowdyferretdesign.com
Previous

The Gift of Moving: Intergenerational Consequences of a Mobility Shock
Next

What Do We Learn From Cross-Regional Empirical Estimates in Macroeconomics