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What metrics would indicate a house bubble rather than genuine market values?

The first metric to look at is house-price-to-rent ratios. Rental prices capture the value of the housing (and housing-linked) services provided by a property, including things like how safe a ...
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What is the importance of Epstein-Zin preferences?

This is only a quick answer, unfortunately. The key intuitive insight for Epstein-Zin is that they separate two distinct properties of preferences: risk aversion ("I'd prefer less uncertainty to more ...
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Accepted

What is the importance of Epstein-Zin preferences?

I think CompEcon covered most of the points that I was going to mention. Just a few last thoughts: 1) Why are Epstein-Zin preferences important? The preferences are important because they allow you ...
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Accepted

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