Project Manager:
Nuray Akın
Research Areas:
macroeconomics, international trade and finance, general equilibrium models and computations, search and matching models, risk sharing and social insurance systems, price formation, immigration policies
Project Start Year:
Project End Year:
0 216 564 98 24
About the Project:
This project aims to investigate the causes of variations in property prices in the business cycles. It reveals the effects of these price changes on social welfare. Real estate prices change rapidly depending on economic cycles. While prices decrease during recessions, they increase in growth periods. This cyclicality affects social welfare as property purchases during recession periods are highly profitable and contribute significantly to income inequality.
Project Finding:
This project uncovers the reasons for the variability in real estate prices and the effect of these variations on income distribution.