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DTSTART:20251026T030000
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RDATE:20261025T030000
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UID:calendar.142530.field_date.0@www.tse-fr.eu
DTSTAMP:20260505T074913Z
CREATED:20260504T081001Z
DESCRIPTION:Jochen Mankart (National Bank of Slovakia)\, “Heterogeneity in 
 Expectations and House Price Dynamics”\, Séminaire Banque de France\, May 
 26\, 2026\, 11:30–12:30\, Banque de France\, Paris.\n\nExpectations are ce
 ntral for housing decisions and heterogeneity in expectations is a robust 
 feature of survey data. We study the implications of heterogeneity in hous
 e price growth expectations for the level of house prices. We feed the joi
 nt empirical distributions of income\, wealth and expectations into a cali
 brated heterogeneous agents housing model. We find that eliminating hetero
 geneity in house price growth expectations would raise average house price
 s and amplify house price fluctuations thereby reducing the fit of the mod
 el. Without heterogeneity\, average house prices would be about 11 percent
  higher and the boom-bust cycle would be about 41 percent larger.
DTSTART;TZID=Europe/Paris:20260526T123000
DTEND;TZID=Europe/Paris:20260526T133000
LAST-MODIFIED:20260505T001001Z
LOCATION:May 26\, 2026\, 11:30–12:30\, Banque de France\, Paris
SUMMARY:Séminaire Banque de France
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2026-heterogeneity-expectations
 -and-house-price-dynamics
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