Machine learning at central banks
C Chakraborty, A Joseph - 2017 - papers.ssrn.com
We introduce machine learning in the context of central banking and policy analyses. Our
aim is to give an overview broad enough to allow the reader to place machine learning …
aim is to give an overview broad enough to allow the reader to place machine learning …
Reference dependence in the housing market
We quantify reference dependence and loss aversion in the housing market using rich
Danish administrative data. Our structural model includes loss aversion, reference …
Danish administrative data. Our structural model includes loss aversion, reference …
Real and private-value assets
WN Goetzmann, C Spaenjers… - The Review of …, 2021 - academic.oup.com
Real and private-value assets—defined here as the sum of real estate, infrastructure,
collectibles, and noncorporate business equity—compose an investment class worth an …
collectibles, and noncorporate business equity—compose an investment class worth an …
Reservation wages and the wage flexibility puzzle
Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-
run impact on unemployment rather than wages, at odds with the quantitative predictions of …
run impact on unemployment rather than wages, at odds with the quantitative predictions of …
Between carrots and sticks, from intentions to actions: Behavioural interventions for housing decisions
HXH Bao - Housing, Theory and Society, 2024 - Taylor & Francis
Through a systematic and critical review of the literature, we assembled a list of behavioural
biases identified in the housing market and a taxonomy of behavioural interventions tested …
biases identified in the housing market and a taxonomy of behavioural interventions tested …
A Time-Varying Hedonic Approach to quantifying the effects of loss aversion on house prices
R Greenaway-McGrevy, K Sorensen - Economic Modelling, 2021 - Elsevier
Loss aversion is a widely-recognized cognitive bias that can affect house price
determination. Existing empirical approaches to quantify its effects require hedonic methods …
determination. Existing empirical approaches to quantify its effects require hedonic methods …
Loss aversion in housing appraisal: Evidence from Italian homeowners
AR Lamorgese, D Pellegrino - Journal of Housing Economics, 2022 - Elsevier
Loss aversion is considered a driver of downward price rigidity in real estate markets: during
downturns–when market price of their house is below the price at which they purchased it …
downturns–when market price of their house is below the price at which they purchased it …
The Effects of Subsidized Flood Insurance on Real Estate Markets
N Garbarino, B Guin - 2022 - papers.ssrn.com
Subsidised insurance against extreme weather events improves its affordability among
households in high-risk areas but it can weaken the risk signal via property prices …
households in high-risk areas but it can weaken the risk signal via property prices …
Is the behavior of sellers with expected gains and losses relevant to cycles in house prices?
We examine anchoring to the price paid at purchase during an important cycle in
Connecticut, 2000–2017 which is similar to cycles in many other states. Our repeat sales …
Connecticut, 2000–2017 which is similar to cycles in many other states. Our repeat sales …
The effect of expected losses on the Hong Kong property market
Expected losses anchored to purchase prices can affect actual transactions in different
property sectors. Utilizing the data of over a million commercial and residential property …
property sectors. Utilizing the data of over a million commercial and residential property …