Plausibly Exogenous [967] - Housing Wealth (09/22/2022)

LHS Variable
Consumer behavior

RHS Variable
Housing wealth

Source of Exogenous Variation
Unexpected announcement of China's newest national-level new area—Xiong'an New Area—on April 1, 2017 as an exogenous shock to housing prices

- Fang, Wang, and Yang (2022), “Housing Wealth and Online Consumer Behavior: Evidence from Xiong'an New Area in China`”