Author ORCID Identifier
Semester
Spring
Date of Graduation
2026
Document Type
Dissertation
Degree Type
PhD
College
Chambers College of Business and Economics
Department
Economics
Committee Chair
Scott Schuh
Committee Co-Chair
Brad Humphreys
Committee Member
Arabinda Basistha
Committee Member
Daniele Coen-Pirani
Abstract
This dissertation studies how housing markets adjust to demographic shocks, local regulation, and macroeconomic policy through three related essays. Chapter 1 develops a dynamic stochastic general equilibrium (DSGE) model and panel VECM evidence to study how population volatility affects housing prices, rents, and construction. It finds that population shocks generate strong price responses across housing markets and more pronounced effects in tight housing markets and declining regions. Chapter 2 examines local rental registry policies using county-level difference-in-differences analysis and finds limited aggregate effects but meaningful heterogeneity across treatment intensity and market segments. Chapter 3 revisits the macro-housing VAR literature on monetary policy and housing dynamics using updated data and improved variable construction. Altogether, the essays show that housing market adjustment is shaped by slow supply responses, institutional frictions, and financial conditions, with important implications for affordability, regional heterogeneity, and policy design.
Recommended Citation
Duncan, Michael Tyler, "Understanding Housing Market Adjustment: Evidence from Population Shocks, Regulation, and Monetary Policy" (2026). Graduate Theses, Dissertations, and Problem Reports. 13263.
https://researchrepository.wvu.edu/etd/13263