The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Housing and the Business Cycle

  • Morris A. Davis
Reference work entry


Recent events have led to a renewed effort to understand the nature of cyclical fluctuations in the price and quantity of new investment in housing. This paper provides a brief summary of the existing literature modelling housing and the business cycle.


Cobb-Douglas preferences Expenditure shares Housing expenditures Multi-city models 

JEL Classifications

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Morris A. Davis
    • 1
  1. 1.