What drives housing price dynamics: cross-country evidence

House prices generally depend on inflation, the yield curve and bank credit, but national differences in the mortgage markets also matter. House prices are more sensitive to short-term rates where floating rate mortgages are more widely used and more aggressive lending practices are associated with stronger feedback from prices to bank credit.

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Year of publication:	2004
Authors:	Tsatsaronis, Kostas ; Zhu, Haibin
Published in:	BIS Quarterly Review. - Bank for International Settlements (BIS). - 2004, March
Publisher:	Bank for International Settlements (BIS)

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	G12 - Asset Pricing ; G21 - Banks; Other Depository Institutions; Mortgages ; C32 - Time-Series Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005063303