The aim of this paper is to investigate the relationship between inbound tourism and
economic inequalities (income and wealth). We construct a dynamic stochastic general …

This article summarizes research on the macroeconomic aspects of the housing market. In
terms of the macroeconomic stylized facts, this article demonstrates that with respect to …

Balancing the housing supply structure is important for the healthy development of the real
estate market. China has invested considerable effort in improving the rental housing market …

This article aims to investigate the relationship between inbound tourism and housing
market along with the recent boom in Icelandic real estate sector, in which both house and …

Since the onset of the Global Financial Crisis, the presence of institutional investors in
housing markets has steadily increased over time. Real estate funds (REIFs) and other …

This paper investigates the effects of house price uncertainty shocks on economic activity,
and traces the origins of the shocks. A Markov-switching vector autoregression (MS-VAR) …

中国住宅租赁市场与住宅买卖市场的不对称发展, 使住宅租金与住宅价格过度偏离,
不利于住宅市场的健康发展, 从住宅售租比视角切入住宅研究对解决“住有所居” …

This paper develops a DSGE framework featuring heterogeneous housing markets,
endogenous mortgage defaults, and a banking sector. We find that the idiosyncratic …

This article constructs a Bayesian estimated three different types of representative agents.
New Keynesian (THRANK) model includes housing rental market to explain the …

This paper focuses on house prices in order to explain excess consumption volatility, which
is one of the stylized facts of the business cycle observed in emerging countries. The relative …