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1{2 "indexed": {3  "date-parts": [4   [5    2026,6    10,7    178   ]9  ],10  "date-time": "2026-10-17T04:36:33Z",11  "timestamp": 1792211793780,12  "version": "4.4.0"13 },14 "reference-count": 32,15 "publisher": "Wiley",16 "issue": "3",17 "license": [18  {19   "start": {20    "date-parts": [21     [22      2013,23      7,24      1725     ]26    ],27    "date-time": "2013-07-17T00:00:00Z",28    "timestamp": 137401920000029   },30   "content-version": "vor",31   "delay-in-days": 0,32   "URL": "http://onlinelibrary.wiley.com/termsAndConditions#vor"33  }34 ],35 "content-domain": {36  "domain": [],37  "crossmark-restriction": false38 },39 "short-container-title": [40  "Int Economic Review"41 ],42 "published-print": {43  "date-parts": [44   [45    2013,46    847   ]48  ]49 },50 "abstract": "<jats:p>We assess the ability of a standard search and matching framework to account for the cyclical properties of key macroeconomic time series of the housing market. We calibrate a model with aggregate demand and supply shocks to match selected business cycle properties of vacancies and sales in the United States. Our model reproduces the cyclical time series properties of house prices and the positive and negative comovement of prices with sales and time on the market, respectively. Search and matching frictions produce trading delays that augment the volatility of prices and propagate the effect of aggregate shocks to future periods.</jats:p>",51 "DOI": "10.1111/iere.12019",52 "type": "journal-article",53 "created": {54  "date-parts": [55   [56    2013,57    7,58    1759   ]60  ],61  "date-time": "2013-07-17T06:41:05Z",62  "timestamp": 137404326500063 },64 "page": "837-872",65 "source": "Crossref",66 "is-referenced-by-count": 136,67 "title": [68  "HOUSE PRICES, SALES, AND TIME ON THE MARKET: A SEARCH‐THEORETIC FRAMEWORK"69 ],70 "prefix": "10.1111",71 "volume": "54",72 "author": [73  {74   "given": "ANTONIA",75   "family": "DÍAZ",76   "sequence": "first",77   "affiliation": [78    {79     "name": "Universidad Carlos III  Spain"80    }81   ],82   "role": [83    {84     "vocabulary": "crossref",85     "role": "author"86    }87   ]88  },89  {90   "given": "BELÉN",91   "family": "JEREZ",92   "sequence": "additional",93   "affiliation": [94    {95     "name": "Universidad Carlos III  Spain"96    }97   ],98   "role": [99    {100     "vocabulary": "crossref",101     "role": "author"102    }103   ]104  }105 ],106 "member": "311",107 "published-online": {108  "date-parts": [109   [110    2013,111    7,112    17113   ]114  ]115 },116 "reference": [117  {118   "key": "e_1_2_10_2_1",119   "doi-asserted-by": "publisher",120   "DOI": "10.1111/j.1468-2354.2007.00440.x"121  },122  {123   "key": "e_1_2_10_3_1",124   "doi-asserted-by": "crossref",125   "unstructured": "Albrecht J. P. A.Gautier andS.Vroman “Directed Search in the Housing Market ” Tinbergen Institute Discussion Papers 10‐005/3 Tinbergen Institute 2010.",126   "DOI": "10.2139/ssrn.1535269"127  },128  {129   "key": "e_1_2_10_4_1",130   "doi-asserted-by": "publisher",131   "DOI": "10.1111/j.1538-4616.2011.00436.x"132  },133  {134   "key": "e_1_2_10_5_1",135   "doi-asserted-by": "publisher",136   "DOI": "10.1111/j.1468-2354.2005.00345.x"137  },138  {139   "key": "e_1_2_10_6_1",140   "unstructured": "Díaz A. andB.Jerez “House Prices Sales and Time on the Market : A Search‐Theoretic Framework ” Economics Working Papers we1033 Universidad Carlos III Departamento de Economía 2010a."141  },142  {143   "key": "e_1_2_10_7_1",144   "unstructured": "Díaz A. “House Prices Sales and Time on the Market : A Search‐Theoretic Framework (Supplementary Material) ” Economics Working Papers we1034 Universidad Carlos III Departamento de Economía 2010b."145  },146  {147   "key": "e_1_2_10_8_1",148   "first-page": "255",149   "article-title": "Equity and Time to Sale in the Real Estate Market",150   "volume": "87",151   "author": "Genesove D.",152   "year": "1997",153   "journal-title": "American Economic Review"154  },155  {156   "key": "e_1_2_10_9_1",157   "doi-asserted-by": "crossref",158   "unstructured": "Glaeser E. L. andJ. E.Gyourko “Housing Dynamics ” NBER Working Papers 12787 National Bureau of Economic Research Inc 2006.",159   "DOI": "10.3386/w12787"160  },161  {162   "key": "e_1_2_10_10_1",163   "doi-asserted-by": "publisher",164   "DOI": "10.1007/BF01213255"165  },166  {167   "key": "e_1_2_10_11_1",168   "unstructured": "Head A. H.Lloyd‐Ellis andH.Sun “Search Liquidity and the Dynamics of House Prices and Construction ” Working Paper 1276 Department of Economics Queen's University 2011."169  },170  {171   "key": "e_1_2_10_12_1",172   "doi-asserted-by": "publisher",173   "DOI": "10.1257/aer.99.5.1878"174  },175  {176   "key": "e_1_2_10_13_1",177   "doi-asserted-by": "publisher",178   "DOI": "10.2307/2297382"179  },180  {181   "key": "e_1_2_10_14_1",182   "doi-asserted-by": "crossref",183   "unstructured": "Iacoviello M. “Housing Wealth and Consumption ” International Finance Discussion Papers 1027 Board of Governors of the Federal Reserve System (U.S.) 2011.",184   "DOI": "10.17016/IFDP.2011.1027"185  },186  {187   "key": "e_1_2_10_15_1",188   "doi-asserted-by": "publisher",189   "DOI": "10.1111/j.1538-4616.2011.00374.x"190  },191  {192   "key": "e_1_2_10_16_1",193   "doi-asserted-by": "publisher",194   "DOI": "10.1006/juec.2000.2180"195  },196  {197   "key": "e_1_2_10_17_1",198   "article-title": "Falling House Prices and Rising Time on the Market",199   "author": "Krainer J.",200   "year": "2008",201   "journal-title": "FRBSF Economic Letter"202  },203  {204   "key": "e_1_2_10_18_1",205   "doi-asserted-by": "publisher",206   "DOI": "10.1111/j.1467-937X.2006.383_1.x"207  },208  {209   "key": "e_1_2_10_19_1",210   "doi-asserted-by": "publisher",211   "DOI": "10.1016/j.jue.2004.05.004"212  },213  {214   "key": "e_1_2_10_20_1",215   "unstructured": "Merlo A. F.Ortalo‐Magne andJ.Rust “Bargaining and Price Determination in the Residential Real Estate Market ” Mimeo 2007."216  },217  {218   "key": "e_1_2_10_21_1",219   "doi-asserted-by": "publisher",220   "DOI": "10.1086/262077"221  },222  {223   "key": "e_1_2_10_22_1",224   "unstructured": "Ngai L. R. andS.Tenreyro “Hot and Cold Seasons in the Housing Market ” CEP Discussion Papers dp0922 Centre for Economic Performance LSE 2009."225  },226  {227   "key": "e_1_2_10_23_1",228   "doi-asserted-by": "publisher",229   "DOI": "10.1111/j.1467-937X.2010.00611.x"230  },231  {232   "key": "e_1_2_10_24_1",233   "doi-asserted-by": "publisher",234   "DOI": "10.1111/j.1540-6229.2009.00232.x"235  },236  {237   "key": "e_1_2_10_25_1",238   "doi-asserted-by": "publisher",239   "DOI": "10.2307/2938374"240  },241  {242   "key": "e_1_2_10_26_1",243   "doi-asserted-by": "publisher",244   "DOI": "10.1257/aer.99.2.406"245  },246  {247   "key": "e_1_2_10_27_1",248   "unstructured": "Ríos‐Rull J. andV.Sánchez‐Marcos “Aggregate Shocks and House Prices Fluctuations ” Mimeo 2009."249  },250  {251   "key": "e_1_2_10_28_1",252   "doi-asserted-by": "crossref",253   "unstructured": "Shiller R. J. “Understanding Recent Trends in House Prices and Home Ownership ” NBER Working Paper 13553 National Bureau of Economic Research 2007.",254   "DOI": "10.3386/w13553"255  },256  {257   "key": "e_1_2_10_29_1",258   "unstructured": "Shimer R. “Contracts in a Frictional Labor Market ” Mimeo 1996."259  },260  {261   "key": "e_1_2_10_30_1",262   "doi-asserted-by": "publisher",263   "DOI": "10.1257/0002828053828572"264  },265  {266   "key": "e_1_2_10_31_1",267   "doi-asserted-by": "publisher",268   "DOI": "10.2307/2118444"269  },270  {271   "key": "e_1_2_10_32_1",272   "doi-asserted-by": "publisher",273   "DOI": "10.2307/2938261"274  },275  {276   "key": "e_1_2_10_33_1",277   "doi-asserted-by": "publisher",278   "DOI": "10.1086/261734"279  }280 ],281 "container-title": [282  "International Economic Review"283 ],284 "language": "en",285 "link": [286  {287   "URL": "https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fiere.12019",288   "content-type": "unspecified",289   "content-version": "vor",290   "intended-application": "text-mining"291  },292  {293   "URL": "https://onlinelibrary.wiley.com/doi/pdf/10.1111/iere.12019",294   "content-type": "unspecified",295   "content-version": "vor",296   "intended-application": "similarity-checking"297  }298 ],299 "deposited": {300  "date-parts": [301   [302    2023,303    10,304    30305   ]306  ],307  "date-time": "2023-10-30T01:02:18Z",308  "timestamp": 1698627738000309 },310 "score": 69.14381,311 "resource": {312  "primary": {313   "URL": "https://onlinelibrary.wiley.com/doi/10.1111/iere.12019"314  }315 },316 "issued": {317  "date-parts": [318   [319    2013,320    7,321    17322   ]323  ]324 },325 "references-count": 32,326 "journal-issue": {327  "issue": "3",328  "published-print": {329   "date-parts": [330    [331     2013,332     8333    ]334   ]335  }336 },337 "alternative-id": [338  "10.1111/iere.12019"339 ],340 "URL": "https://doi.org/10.1111/iere.12019",341 "archive": [342  "Portico"343 ],344 "ISSN": [345  "0020-6598",346  "1468-2354"347 ],348 "issn-type": [349  {350   "value": "0020-6598",351   "type": "print"352  },353  {354   "value": "1468-2354",355   "type": "electronic"356  }357 ],358 "published": {359  "date-parts": [360   [361    2013,362    7,363    17364   ]365  ]366 }367}