Housing deep-habit model: Mutual implications of macroeconomics and asset pricing

MeiChi Huang

Economics Letters, 2012, vol. 116, issue 3, 526-530

Abstract: The paper develops a housing deep-habit model to explore linkages between macroeconomic decisions and asset pricing of nondurable and housing goods. Owing to heterogeneous characteristics of housing assets, the model sheds insights into the counter-cyclical property of housing markups.

Keywords: Deep habits; Asset pricing; Counter-cyclical; Housing markup (search for similar items in EconPapers)
JEL-codes: D10 D40 E32 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:3:p:526-530

DOI: 10.1016/j.econlet.2012.04.073

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