• Publications
  • Influence
Comparing Wealth Effects: The Stock Market versus the Housing Market
We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 yearsExpand
  • 1,001
  • 73
  • PDF
Comparing Wealth Effects: The Stock Market Versus the Housing Market
We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 yearsExpand
  • 507
  • 47
CSEM WP 192 Doing Well by Doing Good ?
This paper provides the first credible evidence on the economic value of the certification of “green buildings” – value derived from impersonal market transactions rather than engineering estimates.Expand
  • 212
  • 37
  • PDF
Mortgage Terminations, Heterogeneity, and the Exercise of Mortgage Options
As applied to the behavior of homeowners with mortgages, option theory predicts that mortgage prepayment or default will be exercised if the call or put option in in the money by some specificExpand
  • 529
  • 36
  • PDF
Urban Diversity and Economic Growth
This paper considers the heterogeneity and diversity of cities as sources of economic growth. It links modern notions of economic growth to the distinguishing characteristics of cities and to theExpand
  • 668
  • 32
  • PDF
Doing Well by Doing Good: Green Office Buildings
This paper provides the first credible evidence on the economic value of "green buildings" derived from impersonal market transactions rather than engineering estimates. We analyze clusters ofExpand
  • 643
  • 31
Residential energy use and conservation: Economics and demographics
Energy consumption in the residential sector offers an important opportunity for conserving resources. However, much of the current debate regarding energy efficiency in the housing market focuses onExpand
  • 374
  • 28
  • PDF
Wealth Effects Revisited 1975-2012
We re-examine the links between changes in housing wealth, financial wealth, and consumer spending. We extend a panel of U.S. states observed quarterly during the seventeen-year period, 1982 throughExpand
  • 132
  • 25
  • PDF
The Dynamics of Real Estate Prices
Several studies of housing price trends recommend combining statistical analysis to repeat sales of residential properties. Recently, price indices derived from these techniques have formed the basisExpand
  • 365
  • 23
Measuring the Value of Housing Quality
Abstract Based on an extensive sample of individual dwelling units, this article estimates the market value, or the implicit prices, of specific aspects of the bundles of residential servicesExpand
  • 601
  • 19
...
1
2
3
4
5
...