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The Housing Cycle in Emerging Middle Eastern Economies and its Macroeconomic Policy Implications

Beidas-Strom, Samya - 2009

This paper examines housing finance and housing price dynamics in selected emerging Middle Eastern economies over the past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per capita consumer spending volatility this decade; (ii) a...

Persistent link: https://www.econbiz.de/10012677529

Irrational Exuberance in the U.S. Housing Market

Crowe, Christopher W. - 2009

The recent housing bust has reignited interest in psychological theories of speculative excess (Shiller, 2007). I investigate this issue by identifying a segment of the U.S. population-evangelical protestants-that may be less prone to speculative motives, and uncover a significant negative...

Persistent link: https://www.econbiz.de/10012677736

Asset Bubbles

Jones, Bradley - 2015

bubbles continue to threaten economic stability despite financial markets becoming more informationally-efficient, more …

Persistent link: https://www.econbiz.de/10012686794

Bubble Detective: City-Level Analysis of House Price Cycles

Cevik, Serhan - 2023

major cities during the sample period. While the size of bubbles varies across cities, especially when we use the house …

Persistent link: https://www.econbiz.de/10015059700

Spillovers in the Nordic Countries

Mircheva, Borislava; Muir, Dirk - International Monetary Fund (IMF) - 2015

Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well … independent monetary policy, and Denmark and Norway are net energy exporters while Finland and Sweden are energy importers. We …

Persistent link: https://www.econbiz.de/10011242239

Environmental Tax Reform : Principles from Theory and Practice to Date

Parry, Ian W.H - 2012

energy/environmental tax systems in Germany, Sweden, Turkey, and Vietnam suggests that there is substantial scope for policy … Reforms: The Case of Germany, Sweden, Turkey, and Vietnam -- A. Comparing Energy Systems in Sweden, Germany, Turkey, and … Energy under the Value-Added Tax System -- 5. Environmental Tax Reforms in Sweden, Germany, Turkey, and Vietnam -- References. …

Persistent link: https://www.econbiz.de/10012684557

Macrofinancial modeling at central banks : recent developments and future directions

Roger, Scott; Vlček, Jan - 2012

This paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and financial stability analysis. It highlights the need to develop macrofinancial models...

Persistent link: https://www.econbiz.de/10009423918

Peru : monetary and exchange rate policies, 1930 – 1980

Pastor, Gonzalo - 2012

This paper reviews monetary and exchange rate policies in Peru in 1930-80. The review covers major transformations to the world economy, including the post-1929 crash and WWII, and changing economic paradigms, such as the collapse of the gold standard and the rise and fall of the Bretton Woods...

Persistent link: https://www.econbiz.de/10009618509

Monetization in low- and middle-income countries

McLoughlin, Cameron; Kinoshita, Noriaki - 2012

The degree of an economy's monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal GDP--...

Persistent link: https://www.econbiz.de/10009618525

Policy analysis and forecasting in the world economy : a panel unobserved components approach

Vitek, Francis - 2012

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...

Persistent link: https://www.econbiz.de/10009618572

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