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- URN zum Zitieren dieses Dokuments:
- urn:nbn:de:bvb:355-epub-134637
- DOI zum Zitieren dieses Dokuments:
- 10.5283/epub.13463
Zusammenfassung
This paper analyzes the role of uncertainty in a multi-sector housing model with financial frictions. We include time varying uncertainty (i.e. risk shocks) in the technology shocks that affect housing production. The analysis demonstrates that risk shocks to the housing production sector are a quantitatively important impulse mechanism for the business cycle. Also, we demonstrate that bankruptcy ...
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