House Price Booms and the Current Account
Chapter in NBER book NBER Macroeconomics Annual 2011, Volume 26 (2012), Daron Acemoglu and Michael Woodford, editors (p. 77 - 122)
---- Acknowledgements -----
Klaus Adam gratefully acknowledges financial support from the ERC Grant No. 284262 on "Boom and Bust Cycles in Asset Prices". Albert Marcet gratefully acknowledges financial support from CIRIT (Generalitat de Catalunya) and Plan Nacional project ECO2008-04785/ECON (Ministry of Science and Education, Spain).