It takes the average reader and 50 minutes to read Real Estate Price Inflation, Monetary Policy, and Expectations in the United States and Japan by Mr.Garry J. Schinasi
Assuming a reading speed of 250 words per minute. Learn more
During the mid- to late 1980s, inflationary pressures were highly concentrated in asset markets in many industrial countries. This paper discusses why this may have occurred and then develops a forward-looking supply and demand model of the real estate market in which equilibrium prices depend on price expectations, monetary conditions, income, returns to alternative assets, and construction costs. In this model, the current equilibrium price is determined by expectations formed in different time periods by consumers and producers. The model and its more generalized dynamic specifications are estimated by maximum-likelihood methods. The empirical results do not reject the view that the relationship between real estate values and monetary policy was altered in 1980s.
Real Estate Price Inflation, Monetary Policy, and Expectations in the United States and Japan by Mr.Garry J. Schinasi is 50 pages long, and a total of 12,500 words.
This makes it 17% the length of the average book. It also has 15% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 8 minutes to read Real Estate Price Inflation, Monetary Policy, and Expectations in the United States and Japan aloud.
Real Estate Price Inflation, Monetary Policy, and Expectations in the United States and Japan is suitable for students ages 8 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.
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