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Debts on debts
Faria, João Ricardo; Wang, Le; Wu, Zhongmin - In: The North American Journal of Economics and Finance 23 (2012) 2, pp. 203-219
This paper studies the impact of mortgages on consumer debt and on debt on durable goods. Outstanding debt, representing mortgages, affects positively consumer debt, and the debt on durable goods. This hypothesis is empirically tested for the U.S. using PSID 2005 wave. Our results are striking....
Persistent link: https://www.econbiz.de/10010886099
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Deconstructing Canada's Housing Markets: Finance, Affordability and Urban Sprawl
Cheung, Calista - Economics Department, Organisation de Coopération et … - 2014
price correction in these segments spills over into other markets. The country benefits from a sound and effective housing … on loan losses would better align private and social interests. There may be a shortage of rental housing in several … and increase incentives for private-sector development of affordable housing. This Working Paper relates to the 2014 OECD …
Persistent link: https://www.econbiz.de/10011276860
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Housing and Liquidity
He, Chao; Wright, Randall; Zhu, Yu - In: Review of Economic Dynamics
Coinciding with the start of the housing boom were large increases in home-equity lending and loan-to-equity ratios. We … study this in models where housing bears a liquidity premium because it collateralizes loans. Even with fundamentals …
Persistent link: https://www.econbiz.de/10011103252
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Chapter 13. The Microstructure of Housing Markets : Search, Bargaining, and Brokerage
Han, Lu; Strange, William C. - In: Handbook of regional and urban economics : volume 5, (pp. 813-886). 2015
This chapter surveys the literature on the microstructure of housing markets. It considers one-sided search, random … bargaining taking various forms, including two-party negotiations of different types and multiparty housing auctions. The chapter … important issues both because of the inherent importance of housing and brokerage and because of the importance of housing to …
Persistent link: https://www.econbiz.de/10014025302
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Financial Business Cycles
Iacoviello, Matteo - In: Review of Economic Dynamics 18 (2015) 1, pp. 140-164
Using Bayesian methods, I estimate a DSGE model where a recession is initiated by losses suffered by banks and exacerbated by their inability to extend credit to the real sector. The event triggering the recession has the workings of a redistribution shock: a small sector of the economy --...
Persistent link: https://www.econbiz.de/10011160662
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Housing wealth effect in emerging economies
Ciarlone, Alessio - In: Emerging Markets Review 12 (2011) 4, pp. 399-417
real and financial wealth positively affect households' consumption in the long-run, with the elasticity of housing wealth … adverse housing market developments. …
Persistent link: https://www.econbiz.de/10010577793
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Housing for all in India
De la Maisonneuve, Christine; Dek, Marnix - 2020
Housing is key for well-being and for spatial and social mobility. In India, the housing market is characterised by … excess demand for affordable dwellings, a small rental market and an oversupply of high-end housing, especially in urban …
Persistent link: https://www.econbiz.de/10012259039
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Policies for Inclusive Urbanisation in China
Koen, Vincent; Herd, Richard; Wang, Xiao; Chalaux, Thomas - Economics Department, Organisation de Coopération et … - 2013
Urbanisation in China has long been held back by various restrictions on land and internal migration but has taken off since the 1990s, as these impediments started to be gradually relaxed. People have moved in large numbers to richer cities, where productivity is higher and has increased...
Persistent link: https://www.econbiz.de/10011276950
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How to Improve the Economic Policy Framework for the Housing Market in Israel
Hemmings, Philip - Economics Department, Organisation de Coopération et … - 2011
years housing construction had not kept pace with increases in the number of households. In response to these developments … and a contraction in construction activity. Recent price developments are not the only economic issue in Israeli housing …. As in a number of other OECD countries, housing policies favour home ownership through tax settings and subsidies for …
Persistent link: https://www.econbiz.de/10009386331
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Chapter 44 Economic analysis of housing markets in developing and transition economies
Malpezzi, Stephen - In: Handbook of regional and urban economics : volume 3, …, (pp. 1791-1864). 1999
The purpose of this chapter is to survey recent research on housing markets and policy in what used to be called the … like Mozambique and Laos. It is therefore quite interesting that the bulk of the research surveyed finds that housing … available for housing and other goods and services certainly do vary dramatically from place to place. And the stakes of how …
Persistent link: https://www.econbiz.de/10014023955