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14-157/II - Identifying Booms and Busts in House Prices under Heterogeneous Expectations


  • Authors
    Wilko Bolt, De Nederlandsche Bank, the Netherlands; Maria Demertzis, De Nederlandsche Bank, the Netherlands, European Commission; Cees Diks, University of Amsterdam, the Netherlands; Cars Hommes, University of Amsterdam, the Netherlands; Marco van der Leij, University of Amsterdam, the Netherlands
  • Publication date
    December 22, 2014
  • Keywords
    housing prices, heterogenous agents model, bounded rationality, bubbles
  • JEL
    C53, R21, R31