Opening book details…
Can I read Firm Creation, Entry Costs, and House‐price Volatility^∗^ on EtoBox?
Firm Creation, Entry Costs, and House‐price Volatility^∗^ by Brendan Epstein; Alan Finkelstein Shapiro; Andrés González Gómez is a Economics, Econometrics and Finance article available to read on EtoBox.
What is Firm Creation, Entry Costs, and House‐price Volatility^∗^ about?
## Abstract Amid growing work on the link between firm creation and cyclical housing‐market dynamics, we document a significant, positive, and robust cross‐country relationship between the level of new firm creation and the cyclical volatility of house prices. Using a business‐cycle model with endogenous firm entry, housing, and housing‐finance constraints and shocks, we show that, via general equilibrium effects, greater average firm entry can be a powerful amplification mechanism of housing‐finance shocks. These shocks and constraints play a key role in quantitatively rationalizing the link between firm creation and house‐price volatility across countries.
Who reads Firm Creation, Entry Costs, and House‐price Volatility^∗^?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Brendan Epstein; Alan Finkelstein Shapiro; Andrés González Gómez
- Publisher
- Wiley
- Published
- 2023
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)
More by Brendan Epstein; Alan Finkelstein Shapiro; Andrés González Gómez
Browse all works by Brendan Epstein; Alan Finkelstein Shapiro; Andrés González Gómez