Housing and the Macroeconomy
12-14 December 2004
This workshop was sponsored by the Monetary and Financial Analysis and Research Departments of the Bank of Canada and the University of Western Ontario.
Note: The papers listed here are reproduced as submitted by their authors, and have not been edited or proofread by the Bank of Canada.
"House Prices, Residential Mortgage Credit and Monetary Policy"
Meenakshi Basant Roi and Rhys Mendes (Bank of Canada)
"The Price and Quantity of Residential Land in the United States", and Technical Appendix
Morris Davis (Board of Governors of the Federal Reserve) and Jonathan Heathcote (Georgetown University)
"Real Effects of Inflation through the Redistribution of Nominal Wealth" and Technical Appendix
Matthias Doekpe (UCLA) and Martin Schneider (NYU)
"Who Cares About Mortgage Interest Deductibility?"
Martin Gervais (University of Western Ontario) and Manish Pandey (University of Winnipeg)
"House Prices, Borrowing Constraints and Monetary Policy in the Business Cycle"
Matteo Iacoviello (Boston College)
"Housing and the Macroeconomy: The Role of Implicit Guarantees for Government Sponsored Enterprises",
Karsten Jeske (Federal Reserve Bank of Atlanta) and Dirk Krueger (University of Pennsylvania)
"The Life-Cycle Effects of House Price Shock"
Wenli Li (Federal Reserve Bank of Philadelphia)
"A Theory of Housing Collateral, Consumption Insurance and Risk Premia"
Hanno Lustig (UCLA) and Stijn Van Nieuwerburgh (NYU)
"Housing, Personal Bankruptcy and Entrepreneurship"
Césaire Meh and Yaz Terajima (Bank of Canada)
"Movements on the Price of Houses".
Jose-Victor Rios-Rull and Virginia Sanchez-Marcos