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Borrowing constraints, housing tenure choice and buy-to-let investors : an assignment model
Rouwendal, Jan; Sniekers, Florian; Jia, Ning - 2023 - This version: January 21, 2023
We study the effect of borrowing constraints in an assignment model of the housing market. When constraints apply symmetrically to all households, these lead to lower prices but unchanged housing consumption. When households can invest their own wealth and may differ in tastes, borrowing...
Persistent link: https://www.econbiz.de/10013540636
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Cyclical consumption
Berger, Tino; Pozzi, Lorenzo - 2023
Recessions and expansions are often caused or reinforced by developments in private consumption - the largest component of aggregate demand - which, as a result, varies over the business cycle. As such, an accurate measurement of the cyclical component of consumption and an understanding of its...
Persistent link: https://www.econbiz.de/10014380708
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The effect of the Theo van Gogh murder on house prices in Amsterdam
Gautier, Pieter; Siegmann, Adriaan Hendrik; Vuuren, Aico van - 2007
This paper estimates the impact of the murder of film maker Theo vanGogh on November 2, 2004, on listed house prices in Amsterdam with aunique dataset. We use an hedonic-market approach to show that gen-eral attitudes towards Muslim minorities were negatively affected by themurder. Specifically,...
Persistent link: https://www.econbiz.de/10011350359
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The effect of the great moderation on the US business cycle in a time-varying multivariate trend-cycle model
Creal, Drew; Koopman, Siem Jan; Zivot, Eric - 2008
accounts for time variation in macroeconomic volatility, known as the great moderation. In particular, we consider an … volatility processes and mixture distributions for the irregular components and the common cycle disturbances enable us to … that time-varying volatility is only present in the a selection of idiosyncratic components while the coefficients driving …
Persistent link: https://www.econbiz.de/10011376640
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House prices, second mortgages and household savings : an empirical investigation for the Netherlands, 1987 - 1994
Rouwendal, Jan; Alessie, Rob - 2002
Since the beginnings of the eighties house prices in the Netherlands haveincreased steadily and considerably. In this paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We use the dataof the Dutch socio-economic panel for the...
Persistent link: https://www.econbiz.de/10011327548
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Transaction costs in housing markets
Ommeren, Jos van - 2008
According to economic theory, there are no strong reasons to tax (or to subsidise) residential moves, although low …
Persistent link: https://www.econbiz.de/10011377118
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Local economic conditions and the nature of new housing supply
Hilber, Christian; Rouwendal, Jan; Vermeulen, Wouter - 2014 - This Version: August 4, 2014
We present a modified open monocentric city model that assumes that land is available for conversion into new housing throughout the city. The model predicts that positive local income shocks (i) increase the cityś share of multi-family housing in new construction and (ii) lead to the...
Persistent link: https://www.econbiz.de/10010399679
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Nevertheless, they persist : cross-country differences in homeownership behavior
Huber, Stefanie J.; Schmidt, Tobias - 2022 - Version: November 26, 2021
Cross-country differences in homeownership rates are large and persistent over time, with homeownership rates ranging from 44% in Switzerland to 83% in Spain. This paper investigates whether cultures-defined as behavioral attitudes passed across generations-may value homeownership differently,...
Persistent link: https://www.econbiz.de/10012817099
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Measuring diverging house prices
Rouwendal, Jan; Duijn, Mark van - 2017 - This version: February 21, 2017
House price indexes summarize the development of all house prices in a single number, while actual price movements often differ among market segments. We develop a methodology for measuring house prices as a flexible function of housing services - a one-dimensional quality measure - and apply it...
Persistent link: https://www.econbiz.de/10011607944
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Gentrification through the sale of rental housing? : evidence from Amsterdam
Rouwendal, Jan; Keus, Adriaan; Dekkers, Jasper - 2018 - This version: March 1, 2018
This paper analyzes the impact of the sale of rental housing in Amsterdam on the local housing market. This increases the supply of owner-occupied housing, but can also contribute to gentrification associated with the inflow of different household groups. Earlier literature focused on the former...
Persistent link: https://www.econbiz.de/10011801481