Discount Shock, Price-Rent Dynamics, and the Business Cycle
收藏NBER2014-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20377
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The price-rent ratio is highly volatile and predicts future returns for commercial real estate. Price-rent variations in commercial real estate also tend to comove with investment and output. We develop a general equilibrium model that explicitly introduces a rental market and incorporates
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美国国家经济研究局创建时间：
2014-08-01
