housing and the business cycle

Morris A. Davis
From The New Palgrave Dictionary of Economics, Online Edition, 2010
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

Recent events have led to a renewed effort to understand the nature of cyclical fluctuations in the price and quantity of new investment in housing. This paper provides a brief summary of the existing literature modelling housing and the business cycle.
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Keywords

Cobb-Douglas preferences; expenditure shares; housing expenditures; multi-city models
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Article

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How to cite this article

Davis, Morris A. "housing and the business cycle." The New Palgrave Dictionary of Economics. Online Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2010. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 19 May 2013 <http://www.dictionaryofeconomics.com/article?id=pde2010_H000194> doi:10.1057/9780230226203.3831

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