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One of the cheapest ways to reduce CO2 emissions is thermal renovation of existing homes. Germany is a world leader in …
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Real residential investment in Germany is found to be cointegrated with population, real national income per capita and … investment ; vector autoregression ; trend-cycle decomposition ; Germany …
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We develop a formula for user costs of housing on the basis of a neoclassical approach to housing investment which does not impose a perfect capital market assumption. We suggest that the definition for the user costs of housing should be extended by an additional term which mirrors the credit...
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