Trading Frictions and House Price Dynamics
收藏NBER2008-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14605
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资源简介：
We construct a model of trade with matching frictions. The model provides a simple characterization for the joint proces of prices, sales and inventory. We compare the implications of the model to certain properties of housing markets. The model can generate the large price changes and the positive
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美国国家经济研究局创建时间：
2008-12-01
