This paper examines the effects of selected macroeconomic variables on the stock market index in Iran. Using quarterly data, we examine the relationships between the Tehran Stock Index (TSI) and five macroeconomic variables which consist of gross domestic product, nominal effective exchange rate, money supply, gold coin price and investment in housing sector from 1996:1 to 2008:1.Various e...

Much of the macroeconomics literature dealing with wealth distribution has become abstracted from modeling housing explicitly. This paper investigates the properties of the wealth distribution and the portfolio composition regarding housing and equity holdings and their relationship to macroeconomic shocks. To this end, I construct a business cycle model in which agents differ in age, income, a...

Is housing price growth causally linked with information technology (IT) investment among firms? Using establishment data between 1996-2007, we find that a percentage point rise in the growth rate of zipcode-level housing prices is associated with a 0.03-0.08% increase in information technology. Our results are robust to exploiting historical housing price shocks between 1980-1990, which genera...

Public housing is the largest housing submarket in Singapore. There is also an active resale public housing market, where public housing dwellers are allowed to trade their houses after a time-bar of five years from the date of their purchase. This segment of resale HDB market is liken the private housing submarkets, where housing prices are more likely to fluctuate in accordance to the market ...

We provide explicit solutions to life-cycle utility maximization problems involving dynamic decisions on investments in stocks and bonds, consumption of perishable goods, and the rental and the ownership of residential real estate. House prices, stock prices, interest rates, and the labor income of the decision-maker follow correlated stochastic processes. The explicit consumption and investmen...