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Housing Bubbles,Economic Growth,and Institutions |
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| Authors: | Aizenman Joshua Jinjarak Yothin Zheng Huanhuan |
| Affiliation: | 1.Department of Economics, USC, Los Angeles, CA, USA ;2.School of Economics and Finance, Victoria University of Wellington, Wellington, New Zealand ;3.LKY School of Public Policy, National University of Singapore, Singapore, Singapore ; |
| Abstract: | Open Economies Review - Rising housing prices are accompanied by higher household consumption and firm investment that boost economic growth. However, excessive house price appreciations may... |
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