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Production of Housing Rental Services and Investment in Dwellings

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Inside a Modern Macroeconometric Model

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 428))

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Abstract

Activity in the residential building industry has long been of special interest to macroeconomists. This is partly explained by the considerations mentioned above in Chapter 8, section 8.1, and partly by the strong relationship between new house building commencements and the stance of the money market.

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References

  1. Murphy (1992a), p. W-19 (09/04/92).

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  2. Murphy (1992a), p. IV-20 (09/04/92).

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  3. See equations (10.4.4a&b).

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  4. Murphy (1992a), p. II-11 (04/05/92).

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  5. The behavioural identity 132 describing the behaviour of ξ10 will be found below in Chapter 11, section 11.2 [p.1781. More on inflationary expectations appears in Chapter 23, subsection 23.2(c) [p.2461.

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  6. Murphy (1992a), p. II-13 (04/05/92).

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  7. Postscript: the unemployment variable was dropped in latter estimations of this equation. This necessitates a reworking of the calculation of the risk premium.

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Authors and Affiliations

  1. Impact Research Centre, Monash University, 11th Fl., Menzies Bldg., Wellington Road, 3168, Clayton, Vic., Australia

    Prof. Alan A. Powell

  2. ECONTECH, P.O.Box 4129, 2604, Kingston, Act., Australia

    Christopher W. Murphy

Authors
  1. Prof. Alan A. Powell
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  2. Christopher W. Murphy
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© 1995 Springer-Verlag Berlin Heidelberg

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Powell, A.A., Murphy, C.W. (1995). Production of Housing Rental Services and Investment in Dwellings. In: Inside a Modern Macroeconometric Model. Lecture Notes in Economics and Mathematical Systems, vol 428. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-00771-6_9

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  • DOI: https://doi.org/10.1007/978-3-662-00771-6_9

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-60027-5

  • Online ISBN: 978-3-662-00771-6

  • eBook Packages: Springer Book Archive

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