This chapter surveys the literature on housing in macroeconomics. We first collect facts on
house prices and quantities in both the time series and the cross section of households and …

There is a relatively recent, growing recognition about the importance of the interactive
nexus between and among housing markets and the macroeconomy. This paper provides a …

We examine the link between increases in housing wealth, financial wealth, and consumer
spending. We rely upon a panel of 14 countries observed annually for various periods …

The role of real estate during the global financial and economic crisis has prompted efforts to
better incorporate housing and financial channels into macro models, improve housing …

We propose a life-cycle model of the housing market with a property ladder and a credit
constraint. We focus on equilibria that replicate the facts that credit constraints delay some …

This study looks at the characteristics and determinants of booms and busts in housing
prices for a sample of eighteen industrialised countries over the period 1980–2007. From an …

This paper examines the long-term impact and short-term dynamics of macroeconomic
variables on international housing prices. Since adequate housing market data are …

At first sight, data on real house prices in the USA and the UK appear to suggest that
behavior has differed over time in the two countries at both the national and subnational …

This paper develops and simulates a model to examine whether land speculation is
primarily a cause of, or a symptom of, property cycles. The model suggests that the volatility …

This paper studies the association between current account and real estate valuation across
countries. We find a robust and strong positive association between current account deficits …