Housing prices and interest rates: a theoretical analysis
We formulate a two period overlapping generations model to find out the form of the
relationship between interest rates and housing prices. It appears that the distribution of
housing stock is also important for housing price dynamics. We show that housing prices in
the equilibrium do not always have a negative relation with interest rates.
relationship between interest rates and housing prices. It appears that the distribution of
housing stock is also important for housing price dynamics. We show that housing prices in
the equilibrium do not always have a negative relation with interest rates.
Abstract
We formulate a two period overlapping generations model to find out the form of the relationship between interest rates and housing prices. It appears that the distribution of housing stock is also important for housing price dynamics. We show that housing prices in the equilibrium do not always have a negative relation with interest rates.
papers.ssrn.com
以上显示的是最相近的搜索结果。 查看全部搜索结果