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Jorda, Oscar - 2015

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...

Persistent link: https://www.econbiz.de/10013030308

Speed 2.0 - Evaluating Access to Universal Digital Highways

Ahlfeldt, Gabriel M. - 2015

prices from variation that is plausibly exogenous. Applying this strategy to a micro data set from England between 1995 and …

Persistent link: https://www.econbiz.de/10013028792

The Great Mortgaging : Housing Finance, Crises, and Business Cycles

Jordà, Òscar - 2015

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

Persistent link: https://www.econbiz.de/10013032225

Cash Flow Duration and the Term Structure of Equity Returns

Weber, Michael - 2016

The term structure of equity returns is downward-sloping: stocks with high cash flow duration earn 1.10% per month … lower returns than short-duration stocks in the cross section. I create a measure of cash flow duration at the firm level … for short-sale constraints, and find the negative cross-sectional relationship between cash flow duration and returns is …

Persistent link: https://www.econbiz.de/10012981605

How Do Extended Benefits Affect Unemployment Duration? A Regression Discontinuity Approach

Lalive, Rafael - 2008

This paper studies a program that extends the maximum duration of unemployment benefits from 30 weeks to 209 weeks … regions to identify the effect of extended benefits on unemployment duration. Results indicate that the duration of job search … is prolonged by at least .09 weeks per additional week of benefits among men, whereas unemployment duration increases by …

Persistent link: https://www.econbiz.de/10012773812

Market Externalities of Large Unemployment Insurance Extension Programs

Lalive, Rafael - 2013

unemployment duration and probability of long term unemployment decrease. These effects are the largest when the program intensity …

Persistent link: https://www.econbiz.de/10013075133

House Prices, Local Demand, and Retail Prices

Stroebel, Johannes - 2015

We use detailed micro data to document a causal response of local retail price to changes in house prices, with elasticities of 15%-20% across housing booms and busts. Notably, these price responses are largest in zip codes with many homeowners, and non-existent in zip codes with mostly renters....

Persistent link: https://www.econbiz.de/10013009877

Social Networks and Housing Markets

Bailey, Michael - 2016

We document that the recent house price experiences within an individual's social network affect her perceptions of the attractiveness of property investments, and through this channel have large effects on her housing market activity. Our data combine anonymized social network information from...

Persistent link: https://www.econbiz.de/10012988967

US Disposable Personal Income and Housing Price Index : A Fractional Integration Analysis

Caporale, Guglielmo Maria - 2013

This paper examines the relationship between US disposable personal income (DPI) and house price index (HPI) during the last twenty years applying fractional integration and long-range dependence techniques to monthly data from January 1991 to July 2010. The empirical findings indicate that the...

Persistent link: https://www.econbiz.de/10013094212

Distinctively Different : A New Approach to Valuing Architectural Amenities

Ahlfeldt, Gabriel M.; Holman, Nancy - 2021

comparing the differences across neighbourhoods. We apply our method to 47 conservation area neighbourhoods in England in which …

Persistent link: https://www.econbiz.de/10013315552

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