Veranstaltungen

26. Januar 2026, 16:00 bis 17:30

Economic Theory & Policy Seminar / J. Mankart (National Bank of Slovakia) / Heterogeneity in Expectations and House Price Dynamics

Seminar

Jochen Mankart will give a talk at our Economic Theory and Policy Seminar.

“Heterogeneity in Expectations and House Price Dynamics”

Jochen Mankart, öffnet eine externe URL in einem neuen Fenster (National Bank of Slovakia)

Expectations are central for housing decisions and heterogeneity in expectations is a robust feature of survey data. We study the implications of heterogeneity in house price growth expectations for the level of house prices. We feed the joint empirical distributions of income, wealth and expectations into a calibrated heterogeneous agents housing model. We find that eliminating heterogeneity in house price growth expectations would raise average house prices and amplify house price fluctuations thereby reducing the fit of the model. Without heterogeneity, average house prices would.

Kalendereintrag

Veranstaltung Details

Veranstaltungsort
TU Wien
1040 Vienna
Wiedner Hauptstr. 8-10, Seminarroom: Zeichensaal 1 (Freihaus buidling, green area, 8th floor)
Veranstalter
ECON
Julia Hutter
julia.hutter@tuwien.ac.at
Öffentlich
Ja
Kostenpflichtig
Nein
Anmeldung erforderlich
Nein