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Les prix des logements ont sensiblement augmenté au Canada au cours des dix dernières années, portant la dette des ménages et la construction de logements à des points hauts historiques. Bien que le durcissement de la politique macroprudentielle ait ralenti la croissance des emprunts des...
Persistent link: https://www.econbiz.de/10012454769
Comme l’a montré la crise actuelle, les marchés immobiliers sont à l’origine de chocs macroéconomiques importants, ce qui justifie un suivi régulier du double point de vue de la politique monétaire et de la stabilité financière.
Persistent link: https://www.econbiz.de/10009209783
Although it is frequent, discontinuous (leapfrog) development has rarely been addressed by the literature, because traditional models are unable to conceive diverse urban forms. This article is a survey of theoretical explanations of discontinuous development. It follows two parts. First, taking...
Persistent link: https://www.econbiz.de/10005379194
Persistent link: https://www.econbiz.de/10008551707
Although it is frequent, discontinuous (leapfrog) development has rarely been addressed by the literature, because traditional models are unable to conceive diverse urban forms. This article is a survey of theoretical explanations of discontinuous development. It follows two parts. First, taking...
Persistent link: https://www.econbiz.de/10005697640
Le logement joue un rôle de premier plan dans l’économie de par son importance pour la dépense et le patrimoine des ménages, le bien-être, et aussi en raison de ses retombées sur les performances scolaires et l’emploi, et sur le cycle d’activité. Depuis un demi-siècle,...
Persistent link: https://www.econbiz.de/10012442405
In this paper, we study real wage fluctuations in response to monetary shocks. We estimate five different models corresponding to five sets of monetary policy restrictions. Monetary shocks are measured by innovations in the nominal interest rate, total reserves and non-borrowed reserves. Our...
Persistent link: https://www.econbiz.de/10015260413
The Central Bank of Congo (BCC) lowered policy rate in response to uncertainty surrounding COVID-19. The impact of the pandemic on the economy is uncertain and depends on several factors. This cut in the policy rate would not help the economy to limit the fallout from COVID-19, so we should...
Persistent link: https://www.econbiz.de/10015252446
This article puts forward a framework based primarily on probabilistic tools to analyse the nature of housing loan … cycles in France. The continued high growth rate of housing loans may indeed raise concerns as to the duration and … many respects. One the one hand, it is the longest housing loans cycle observed over the last thirty years, while its …
Persistent link: https://www.econbiz.de/10004998836
This article aims at estimating leading indicators of the American economy with financial variables. We use two types of hidden Markov chains models, a quantitative one (Krolzig (1997)) and a qualitative one (Gregoir and Lenglart (2000)). These models provide a robust and reliable framework to...
Persistent link: https://www.econbiz.de/10005056509