NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Rational Housing Bubble

Bo Zhao

NBER Working Paper No. 19354
Issued in August 2013

---- Acknowledgements -----

I should thank helpful comments from seminar participants at Federal Reserve Bank of Minneapolis, University of Queensland, and the 24th NBER EASE conference. I also thank Li Chao for excellent research assistance. All errors are my own. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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