- — (2014b). Sunspots and self-fulfilling beliefs in the us housing market. Review of Economic Dynamics, 17 (4), 654–676.
Paper not yet in RePEc: Add citation now
- — and — (2016). Chapter 19 - Housing and Macroeconomics. Handbook of Macroeconomics, vol. 2, Elsevier, pp. 1547 – 1640.
Paper not yet in RePEc: Add citation now
— and Pissarides, C. A. (1994). Job creation and job destruction in the theory of unemployment. Review of Economic Studies, 61 (0), 397–415.
— and Tenreyro, S. (2014a). Hot and cold seasons in the housing market. American Economic Review, 104 (12), 3991–4026.
- —, — and — (2019). Search frictions and market power in negotiated-price markets. Journal of Political Economy, 127 (4), 1550–1598.
Paper not yet in RePEc: Add citation now
—, Sun, H. and Zhou, C. (2016). Default, mortgage standards and housing liquidity. Queen’s Economics Department Working Paper 1359.
- Alexandrov, A. and Koulayev, S. (2018). No shopping in the us mortgage market: Direct and strategic effects of providing information. Consumer Financial Protection Bureau Office of Research Working Paper, (2017-01).
Paper not yet in RePEc: Add citation now
Allen, J., Clark, R. and Houde, J.-F. (2014a). The effect of mergers in search markets: Evidence from the canadian mortgage industry. American Economic Review, 104 (10), 3365– 96.
- Ambokar, S. and Samaee, K. (2020). Inaction, search costs, and market power in the us mortgage market. Mimeo, University of Pennsylvania.
Paper not yet in RePEc: Add citation now
Arefeva, A. (2020). How auctions amplify house-price fluctuations. Available at SSRN 2980095.
Arnott, R. (1989). Housing vacancies, thin markets, and idiosyncratic tastes. Journal of Real Estate Finance and Economics, 2 (1), 5-30.
Bachmann, R. and Cooper, D. (2014). The ins and arounds in the us housing market. Mimeo, University of Notre Dame.
Bernanke, B. S. (1983). Nonmonetary effects of the financial crisis in the propagation of the great depression. The American Economic Review, 73 (3), 257–276.
- Bhutta, N., Fuster, A. and Hizmo, A. (2019). Paying too much? Price dispersion in the US mortgage market. Mimeo.
Paper not yet in RePEc: Add citation now
Boeckx, J., de Sola Perea, M. and Peersman, G. (2020). The transmission mechanism of credit support policies in the Euro area. European Economic Review, 124, 103403.
Burnside, C., Eichenbaum, M. and Rebelo, S. (2016). Understanding booms and busts in housing markets. Journal of Political Economy, 124 (4), 1088–1147.
Caplin, A. and Leahy, J. (2011). Trading frictions and house price dynamics. Journal of Money, Credit and Banking, 43 (s2), 283–303.
Davis, M. A. and Heathcote, J. (2005). Housing and the business cycle. International Economic Review, 46 (3), 751–784.
Diaz, A. and Jerez, B. (2013a). House prices, sales, and time on the market: A searchtheoretic framework. International Economic Review, 54 (3), 837–872.
Donaldson, J., Piacentino, G., Lee, J. (2018). The opportunity cost of collateral. Mimeo.
Gabrovski, M. and Ortego-Marti, V. (2018). Search and Credit Frictions in the Housing Market. Working Papers 201816, University of California at Riverside, Department of Economics.
Gabrovski, M. and Ortego-Marti, V. (2019). The Cyclical Behavior of the Beveridge Curve in the Housing Market. Journal of Economic Theory, 181 361–381.
Gabrovski, M. and Ortego-Marti, V. (2020a). Efficiency in the Housing Market with Search Frictions. Mimeo, University of California Riverside.
- Gabrovski, M. and Ortego-Marti, V. (2020b). Endogenous Separations and Housing Market Dynamics. Mimeo, University of California Riverside.
Paper not yet in RePEc: Add citation now
Gambacorta, L. (2008). How do banks set interest rates? European Economic Review, 52 (5), 792 – 819.
Garriga, C. and Hedlund, A. (2020). Mortgage debt, consumption, and illiquid housing markets in the great recession. American Economic Review, 110 (6), 1603–34.
Gelain, P., Lansing, K. J. and Natvik, G. J. (2018). Explaining the Boom–Bust Cycle in the US Housing Market: A Reverse-Engineering Approach. Journal of Money, Credit and Banking, 50 (8), 1751-1783.
Genesove, D. and Han, L. (2012a). Search and matching in the housing market. Journal of Urban Economics, 72 (1), 31–45.
Ghent, A. (2012). Infrequent housing adjustment, limited participation, and monetary policy. Journal of Money, Credit and Banking, 44 (5), 931–955.
Glaeser, E. L. and Gyourko, J. (2007). Arbitrage in housing markets. NBER working paper 13704.
Guren, A. (2018). House price momentum and strategic complementarity. Journal of Political Economy, 126 (3), 1172–1218.
- Guren, A. and McQuade, T. J. (2018). How do foreclosures exacerbate housing downturns? Working Paper.
Paper not yet in RePEc: Add citation now
Hall, R. E. and Milgrom, P. R. (2008). The limited influence of unemployment on the wage bargain. American Economic Review, 98 (4), pp. 1653–1674.
Head, A., Lloyd-Ellis, H. and Sun, H. (2014). Search, liquidity, and the dynamics of house prices and construction. American Economic Review, 104 (4), 1172–1210.
Hedlund, A. (2016). Illiquidity and its discontents: trading delays and foreclosures in the housing market. Journal of Monetary Economics 83 (2016) 1–13.
Hurst, E., Keys, B. J., Seru, A. and Vavra, J. (2016). Regional redistribution through the us mortgage market. American Economic Review, 106 (10), 2982–3028.
- Iacoviello, M. (2011). Housing wealth and consumption. International Finance Discussion Papers 1027, Board of Governors of the Federal Reserve System (U.S.), 2011.
Paper not yet in RePEc: Add citation now
Kashiwagi, M. (2014a). A search-theoretic model of the rental and homeownership markets. Journal of Housing Economics, 26, 33–47.
Kashyap, A. K., Rajan, R. and Stein, J. C. (2002). Banks as liquidity providers: An explanation for the coexistence of lending and deposit-taking. Journal of Finance, 57 (1), 33–73.
- Kiyotaki, N. and Moore, J. (1997). Credit cycles. Journal of political economy, 105 (2), 211–248.
Paper not yet in RePEc: Add citation now
- Kotova, N. and Zhang, A. L. (2020). Search frictions and idiosyncratic price dispersion in the US housing market. Mimeo, University of Chicago.
Paper not yet in RePEc: Add citation now
Krainer, J. (2001). A theory of liquidity in residential real estate markets. Journal of Urban Economics, 49 (1), 32–53.
Kydland, F. E., Rupert, P. and Sustek, R. (2016). Housing dynamics over the business cycle. International Economic Review, 57 (4), 1149-1177.
Lansing, K. J. (2019). Real business cycles, animal spirits, and stock market valuation. International Journal of Economic Theory, 15 (1), 77-94.
Lee, J. and Hogarth, J. M. (2000). Consumer information search for home mortgages: who, what, how much, and what else? Financial Services Review, 9 (3), 277–293.
Loutskina, E. and Strahan, P. E. (2009). Securitization and the declining impact of bank finance on loan supply: Evidence from mortgage originations. Journal of Finance, 64 (2), 861–889 Moen, E. R. (1997). Competitive search equilibrium. Journal of Political Economy, 105 (2), pp. 385–411.
Nash, J., John F. (1950). The bargaining problem. Econometrica, 18 (2), pp. 155–162. Ngai, L. R. and Sheedy, K. D. (in press). The Decision to Move House and Aggregate Housing-Market Dynamics. Forthcoming, Journal of the European Economic Association.
Novy-Marx, R. (2009). Hot and cold markets. Real Estate Economics, 37 (1), 1–22.
Petrosky-Nadeau, N. and Wasmer, E. (2017). Labor, Credit, and Goods Markets: The Macroeconomics of Search and Unemployment. Cambridge: MIT Press.
Piazzesi, M. and Schneider, M. (2009). Momentum traders in the housing market: Survey evidence and a search model. American Economic Review, 99 (2), 406–11.
Piazzesi, M., Schneider, M. and Stroebel, J. (2020). Segmented housing search. American Economic Review, 110 (3), 720–59.
Pissarides, C. A. (2000). Equilibrium Unemployment Theory. Cambridge: MIT Press.
Rubinstein, A. (1982). Perfect equilibrium in a bargaining model. Econometrica, 50 (1), 97–109.
Shimer, R. (2005). The cyclical behavior of equilibrium unemployment and vacancies. American Economic Review, 95 (1), 24–49.
Smith, E. (2020). High and low activity spells in housing markets. Review of Economic Dynamics, 36, 1 – 28.
Stigler, G. J. (1961). The economics of information. Journal of Political Economy, 69 (3), 213–225.
Van Nieuwerburgh, S. and Weill, P.-O. (2010). Why has house price dispersion gone up? Review of Economic Studies, 77 (4), 1567–1606.
Wasmer, E. and Weil, P. (2004). The macroeconomics of labor and credit market imperfections. American Economic Review, 94 (4), 944–963.
Wheaton, W. C. (1990). Vacancy, search, and prices in a housing market matching model.
- Woodward, S. (2003). Consumer confusion in the mortgage market. Manuscript, Sandhill Econometrics.
Paper not yet in RePEc: Add citation now
Woodward, S. E. and Hall, R. E. (2012). Diagnosing consumer confusion and sub-optimal shopping effort: Theory and mortgage-market evidence. American Economic Review, 102 (7), 3249–76.