The covid‐19 pandemic induced a major shift in the prevalence of remote and hybrid work
arrangements. This review article studies the effects of this remote work revolution for …

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 …

We show that the COVID-19 pandemic brought house price and rent declines in city centers,
and price and rent increases away from the center, thereby flattening the bid-rent curve in …

We construct a comprehensive dataset on a near universe of non-fungible token (NFT)
transactions, create indices for the NFT market and its components, and analyze their …

We show that housing markets provide information about the appropriate discount rates for
valuing investments in climate change abatement. Real estate is exposed to both …

A model in which homebuyers make a modest approximation leads house prices to display
three features present in the data but usually missing from rational models: momentum at …

We review a growing literature that incorporates endogenous risk premiums and risk-taking
in the conduct of monetary policy. Accommodative policy can create an intertemporal …

In this paper, we solve a dynamic model of households' mortgage decisions incorporating
labor income, house price, inflation, and interest rate risk. Using a zero‐profit condition for …

This paper studies a quantitative general equilibrium model of housing. The model has two
key elements not previously considered in existing quantitative macro studies of housing …

We document large long-run differences in average house price appreciation across
metropolitan areas over the past 50 years, and show they can be explained by an inelastic …