Research Discussion Paper – RDP 2023-01 The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment


An earlier draft of this paper formed part of my PhD dissertation at the University of Sydney. Many thanks to Andreas Fuster and Basit Zafar for sharing their data before its public release, and to my primary adviser Chris Gibbs. I have also benefited from useful comments and feedback from James Morley, Andreas Fuster, Greg Kaplan, Aarti Singh, Alex Ballantyne, Anirudh Yadav, Sarah Quincy, Gianni La Cava, Anthony Brassil, Simon (Yunho) Cho, Ivan Roberts, John Simon, Luci Ellis, and participants of the University of Sydney HDR Workshop, Sydney MRG Workshop 2020, and the North American Urban Economics Association Meetings 2021. The views expressed in this paper are those of the author and should not be attributed to the Reserve Bank of Australia. Any errors are the sole responsibility of the author.