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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 ...
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 ...