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Housing and Banking over the Business Cycle
In this dissertation, I develop and study a dynamic general equilibrium (DSGE) model with housing and banking. The framework is used to explore several sets of issues related to housing and financial markets. In Chapter ...
Liquidity in the Housing Market: Credit Standards, Volatility Clustering and Asymmetric Price Adjustment
This dissertation studies various economic issues related to the housing market. First, I investigate how trading frictions in a housing market affect lenders' decisions. In Chapter 2, by employing a dynamic house search ...