household consumption positively in the long-run, with the elasticity of housing wealth being greater than that of stock market … vulnerable to further adverse developments in the housing market. …

The ability of a two-sector model to quantify the contribution of the housing market to business fluctuations is … constraints, displays the following features: first, a large fraction of the upward trend in real housing prices over the last 40 … years can be accounted for by slow technological progress in the housing sector; second, residential investment and housing …

indicators of housing market conditions. For the purpose of assessing whether house prices are misaligned, the most sensible …

Asia and Central and Eastern Europe, over the period 1995-2011. Linking housing valuations to a set of conventional … a somewhat slow adjustment to shocks to the latter. Moreover, the evidence that housing valuations may be driven by …

housing market: Italy and the international comparison", held in Rome at the Bank of Italy on 20 November 2012. The various …

study analyses developments in the Italian housing market on the basis of both real and financial variables. Following the … suggests that the recession in the housing market is easing somewhat. However, the degree of uncertainty remains considerable …. Second, it analyses the main characteristics of the taxation of residential housing, with reference to ownership, rentals and …

indicator now makes it possible to analyze medium- and long-term trends with satisfactory representation of the Italian housing … market. It also allows for timely updating, for prompt assessment of housing input both to the business cycle and to …