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house priceprice expectationsimplications financialfinancial sectorneoklassische syntheseneoclassical synthesisdsge modelldsge modeluncertainty macroeconomicsmacroeconomics implicationshouse pricesboom busteuro areastabilization policyforecasting modelgeldpolitische transmissionmonetary transmissionheterogeneity expectationsmodel uncertaintyfrictions modelbust cyclehousing marketlife cyclenew keynesiankeynesian dsgedsge modelsmonetary policysurvey expectationshouse price cycleslife cycle modelreal estate priceexpectation formationexpectations houseprice dynamicsfinancial frictionsheterogeneity houseprice growthgrowth expectationsaverage househousing boomcentral banksforecasting performancemodel comparisonnew keynesian dsgemonetary policy transmissionfiscal policy transmissionmacroprudential policy transmissionrobust monetary policyfinancial supervisioninflation targetingdynamics heterogeneitydynamics houseexpectations housinghousing choicechoice modeluncertainty macromacro economicsfrictions coordinatingmonetary macroprudentialpolicy modeluncertainty modelfrictions expectationsexpectations centralcentral housinghousing decisionsdecisions heterogeneityexpectations robustrobust featurefeature surveysurvey datadata studyimplications heterogeneitylevel houseprices feedfeed jointjoint empiricalempirical distributionsdistributions incomeincome wealthreducing fitfit model
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