It takes the average reader 1 hour and 22 minutes to read Das House-Kapital by Volker Grossman
Assuming a reading speed of 250 words per minute. Learn more
There are, by now, several long term, time series data sets on important housing & macro variables, such as land prices, house prices, and the housing wealth-to-income ratio. However, an appropriate theory that can be employed to think about such data and associated research questions has been lacking. We present a new housing & macro model that is designed specifically to analyze the long term. As an illustrative application, we demonstrate that the calibrated model replicates, with remarkable accuracy, the historical evolution of housing wealth (relative to income) after World War II and suggests a further considerable increase in the future. The model also accounts for the close connection of house prices to land prices in the data. We also compare our framework to the canonical housing & macro model, typically employed to analyze business cycles, and highlight the main differences.
Das House-Kapital by Volker Grossman is 82 pages long, and a total of 20,664 words.
This makes it 28% the length of the average book. It also has 25% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 52 minutes to read Das House-Kapital aloud.
Das House-Kapital is suitable for students ages 10 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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