Rational land and housing bubbles in infinite-horizon economies | Bosi, Stefano
/5

0 avis

Rational land and housing bubbles in infinite-horizon economies

Archive ouverte : Autre publication scientifique

Bosi, Stefano | Le Van, Cuong | Pham, Ngoc-Sang

Edité par HAL CCSD

URL des Documents de travail : http://ces.univ-paris1.fr/cesdp/cesdp2016.html. Documents de travail du Centre d'Economie de la Sorbonne 2016.27 - ISSN : 1955-611X. This paper considers rational land and housing bubbles in an infinite-horizon general equilibrium model. Their demands rest on two different grounds: the land is an input to produce while the house may be consumed. Our work differs from the existing literature in two respects. First, dividends on both these long-lived assets are endogenous and their sequences are computed. Second, we introduce and study different concepts of bubbles, including individual and strong bubbles.

Consulter en ligne

Suggestions

Du même auteur

Asset bubbles and efficiency in a generalized two-sector model | Bosi, Stefano

Asset bubbles and efficiency in a generalized two-sector model

Archive ouverte: Autre publication scientifique

Bosi, Stefano | 2016-03

URL des Documents de travail : http://ces.univ-paris1.fr/cesdp/cesdp2016.html. Documents de travail du Centre d'Economie de la Sorbonne 2016.29 - ISSN : 1955-611X. We consider a multi-sector infinite-horizon general...

Collateral and growth cycles with heterogeneous agents | Bosi, Stefano

Collateral and growth cycles with heterogeneous agents

Archive ouverte: Article de revue

Bosi, Stefano | 2016-06

International audience. We investigate the effects of collateral and monetary policy on economic growth within a Ramsey equilibrium model where agents have different discount factors. Introducing liquidity constrain...

Du même sujet

Sunspot Fluctuations in Two-Sector Models with Variable Income Effects | Dufourt, Frédéric

Sunspot Fluctuations in Two-Sector Models with Variable Income Effects

Archive ouverte: Pré-publication, document de travail, ...

Dufourt, Frédéric | 2015-12

We analyze a version of the Benhabib and Farmer [3] two-sector model with sector-specific externalities in which we consider a class of utility functions inspired from the one considered in Jaimovich and Rebelo [14] which is flexi...

Sunspot Fluctuations in Two-Sector Models with Variable Income Effects | Dufourt, Frédéric

Sunspot Fluctuations in Two-Sector Models with Variable Income Effects

Archive ouverte: Type de document indéfini

Dufourt, Frédéric | 2017

OS. International audience. We analyze a version of the Benhabib and Farmer (1996) two-sector model with sector-specific externalities in which we consider a class of utility functions inspired from the one consider...

Impacts of Immigration on an Ageing Welfare State: An Applied General Equilibrium Model for France | Chojnicki, Xavier

Impacts of Immigration on an Ageing Welfare State: An Applied General Equil...

Archive ouverte: Article de revue

Chojnicki, Xavier | 2016

International audience. Immigration is often seen as an instrument of adaptation for ageing countries. In this paper, we evaluate, using a dynamic general equilibrium model, the contribution of migration policy in r...

Asset bubbles and efficiency in a generalized two-sector model | Bosi, Stefano

Asset bubbles and efficiency in a generalized two-sector model

Archive ouverte: Autre publication scientifique

Bosi, Stefano | 2016-03

URL des Documents de travail : http://ces.univ-paris1.fr/cesdp/cesdp2016.html. Documents de travail du Centre d'Economie de la Sorbonne 2016.29 - ISSN : 1955-611X. We consider a multi-sector infinite-horizon general...

Chargement des enrichissements...