Similar Search Results

Banks, Money, and the Zero Lower Bound on Deposit Rates

Kumhof, Michael; Wang, Xuan - 2020

-in-advance constraints, bank deposits are created through disbursement of bank loans, and banks face a convex lending cost. At the zero lower …

Persistent link: https://www.econbiz.de/10012427150

Mortgage Finance and Technological Change

Döttling, Robin; Perotti, Enrico - 2015

We explore how house prices evolve under technological progress, when housing serves for consumption as well as store …. Restraining mortgage borrowing is more effective than subsidies to limit mortgage defaults, by containing both leverage and house …

Persistent link: https://www.econbiz.de/10011403537

Inflation Stabilization, Fiscal Deficits and Public Debt Management in Poland

van Wijnbergen, Sweder; Budina, Nina - 1999

Poland edged towards hyperinflation towards the latter half of 1989,but inflation fell dramatically after drastic reformswere enacted in January of 1990. We analyse the consistency betweenfiscal deficits and inflation targets and assessPoland's domestic and foreign debt management policies and...

Persistent link: https://www.econbiz.de/10010324428

Money Supply and the Implementation of Interest Rate Targets

Schabert, Andreas - 2005

In this paper, we analyze the relation between interest rate targets and money supply in a (bubble-free) rational expectations equilibrium of a standard cash-in-advance model. We examine lump-sum injections of money aimed to implement interest rate sequences that satisfy interest rate target...

Persistent link: https://www.econbiz.de/10010325239

Stability of the Demand for Real Narrow Money in lndonesia

Anglingkusumo, Reza - 2005

The stability of the demand for real Ml in Indonesia is empirically examinedusing quarterly data between 1981 and 2002. A cointegrated VAR methodology thatisolates the period of structural breaks in the data generating process of the variables,caused by the Asian crisis, is used. The results...

Persistent link: https://www.econbiz.de/10010325601

Dual Earners, Urban Labor Markets and Housing Demand

Rouwendal, Jan; van der Straaten, Willemijn - 2003

and that they are relatively often owner-occupiers and live in more expensive housing. Their commutes are relatively short …

Persistent link: https://www.econbiz.de/10010324969

Homeownership and Labour Market Behaviour: Interpreting the Evidence

Rouwendal, Jan; Nijkamp, Peter - 2007

This paper reviews the empirical research that has been generated by Oswald’s thesis, which claims that there is a causal relationship from homeownership to unemployment. The literature confirms a decreasing effect of homeownership on geographical mobility of workers, but does not in general...

Persistent link: https://www.econbiz.de/10010325367

The Effect of Consumers' Expectations in a Booming Housing Market

Rouwendal, Jan; Longhi, Simonetta - 2007

have more difficulties in explaining short run developments of the housing markets. However, the fact that during such …. We also show that commonly used housing market indicators, notably the number of vacancies (houses for sale) and the time …

Persistent link: https://www.econbiz.de/10010325383

The Effect of the Theo van Gogh Murder on House Prices in Amsterdam

Gautier, Pieter A.; Siegmann, Arjen; van Vuuren, Aico - 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/10010325456

Homeownership and Demand for Long-Term Care

Rouwendal, Jan; Thomese, Fleur - 2010

Elderly home-owners get institutionalized less often than renters do. We hypothesize that housing tenure itself … find a negative effect of housing tenure on the probability of moving to a nursing home between two subsequent waves. This …. We could not reduce this finding to a variety of explanations directly related to housing tenure. There was no …

Persistent link: https://www.econbiz.de/10010325808