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with earlier findings, residential real estate transactions in Germany cluster at round-number prices, but there are also … interesting (presumably cultural) differences. We extend our analysis to the commercial real estate market, where stakes are even … higher and market participants arguably more experienced. For the same type of object, professionals cluster significantly …
Persistent link: https://www.econbiz.de/10014426542
Tall buildings are central to facilitating sustainable urbanization and growth in cities worldwide. We estimate average elasticities of city population and built area to aggregate city building heights of 0.12 and -0.17, respectively, indicating that the largest global cities in developing...
Persistent link: https://www.econbiz.de/10014433980
creation of comparable neighborhood-level qualified rent indices (Mietspiegel) across Germany. …
Persistent link: https://www.econbiz.de/10012597680
capital firm examines the difficulties of creating a venture capital market in a bank-based financial system. The analysis …), arguing that the existence of an active stock market is a necessary, but by no means sufficient condition for the development …
Persistent link: https://www.econbiz.de/10011506429
The renewed momentum in the German housing market has led to concerns that Germany is vulnerable to asset price shocks … speculative bubbles in Germany over the sample period 1987Q3 - 2012Q4. Overall, we find that actual house prices are not … Germany. …
Persistent link: https://www.econbiz.de/10009764458
are predominantly found in growing housing market regions. Our results can be rationalized by a theoretical model that …
Persistent link: https://www.econbiz.de/10012417752
-family houses in Germany are owner-occupied, apartments are usually held by private and incorporated investors. For this reason, we … separately for these two market segments. Our findings suggest that increasing the RETT by 1% is associated with a decline in … of -1. The results for this specific market segment indicate that the government operates near the top of a Laffer curve. …
Persistent link: https://www.econbiz.de/10011669079
wealth equivalents and anticipating the Greek participation, Germany will lose 30 billion (or 59 billion deutschmarks) and …
Persistent link: https://www.econbiz.de/10009781634
At the turn of the millennium three frequently cited potential causes of new challenges for wage p olicy in Germany are … opinion does not represent the major threat for wage policy, it is the Single Market which requires wage policy to be on the …
Persistent link: https://www.econbiz.de/10009781695
This paper studies ECB and Bundesbank communication on monetary policy during the first years of the European Economic and Monetary Union. We study whether statements by different (groups of) central bankers have been contradictory and whether differences have diminished over time. We find that...
Persistent link: https://www.econbiz.de/10011450560