Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Refine search results

Journals help

  1. 1 Critical Housing Analysis

Authors help

  1. 1 Olszewski K.

  2. 1 Łaszek J.

Years help

  1. 1 2023

Results found: 1

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  comparison of the economy with the housing market
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1
Content available remote

Applying the AD-AS model to the housing market of post-socialist economies

100%
Łaszek J., Olszewski K.
Critical Housing Analysis
|
2023
|
vol. 10
|
issue 1
14-26
EN
We propose applying the standard aggregate demand and aggregate supply model (AD-AS) to the housing market. It is a very simple and intuitive tool that can help shed light on the major forces at play in the market and that can supplement the use of the general equilibrium and dynamic stochastic equilibrium models (DSGE). The latter models are very sophisticated and aim to cover many aspects of the economy, but they require a significant number of long time series to estimate the model parameters. However, in many countries, such as post-socialist countries, the time series are short. Those models moreover cover only real house prices, but in certain situations we should consider real and nominal prices at the same time.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.