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Risk Shocks and Housing Markets
Dorofeenko, Victor; Lee, Gabriel S.; Salyer, Kevin D. - Department of Economics and Finance Research and … - 2010
varying uncertainty (i.e. risk shocks) in the technology shocks that affect housing production. The analysis demonstrates that … risk shocks to the housing production sector are a quantitatively important impulse mechanism for the business cycle. Also … countercyclical behavior of risk premia on loans to the housing sector. …
Persistent link: https://www.econbiz.de/10008632755
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Risk Shocks and Housing Markets
Dorofeenko, Victor; Lee, Gabriel; Salyer, Kevin - Economics Department, University of California-Davis - 2010
varying uncertainty (i.e. risk shocks) in the technology shocks that affect housing production. The analysis demonstrates that … risk shocks to the housing production sector are a quantitatively important impulse mechanism for the business cycle. Also … countercyclical behavior of risk premia on loans to the housing sector. …
Persistent link: https://www.econbiz.de/10008503607
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Risk Shocks and Housing Markets
Lee, Gabriel; Dorofeenko, Victor; Salyer, Kevin - Economics Department, University of California-Davis
varying uncertainty (i.e. risk shocks) in the technology shocks that affect housing production. The analysis demonstrates that … risk shocks to the housing production sector are a quantitatively important impulse mechanism for the business cycle. Also … countercyclical behavior of risk premia on loans to the housing sector. …
Persistent link: https://www.econbiz.de/10008503608
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Risk shocks and housing supply: A quantitative analysis
Dorofeenko, Victor; Lee, Gabriel S.; Salyer, Kevin D. - In: Journal of Economic Dynamics and Control 45 (2014) C, pp. 194-219
include time varying uncertainty (i.e. risk shocks) in the technology shocks that affect housing production and provide … estimates of the time-series properties of risk shocks by using firm level productivity data. The analysis demonstrates that … risk shocks to the housing production sector are a quantitatively important impulse mechanism for understanding housing …
Persistent link: https://www.econbiz.de/10010906776
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A micro view on home equity withdrawal and its determinants: Evidence from Dutch households
Ebner, André - In: Journal of Housing Economics 22 (2013) 4, pp. 321-337
For most households, home ownership is the largest wealth component that has become more accessible through innovation and deregulation in mortgage markets. This paper studies the factors driving home equity withdrawal (HEW) at the household level using Dutch survey data. In the Netherlands,...
Persistent link: https://www.econbiz.de/10010719801
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ISSUING POLICIES IN CURRENCIES DENOMINATED IN EUROS AND EUROCENTS
Novak, Branko; Matić, Branko; Stjepanović, Slobodanka - Volkswirtschaftliche Fakultät, … - 2003
Globalization and strengthening of integration processes have, among other things, also influenced some solutions relating to monetary sovereignty of particular countries. A great number of transition countries as well as some other underdeveloped countries are facing both inefficiency in their...
Persistent link: https://www.econbiz.de/10005620044
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Price Discrimination in the Housing Market
Bayer, Patrick; Casey, Marcus D.; Ferreira, Fernando; … - Duke University, Department of Economics - 2012
This paper sets out a new research design to test for price discrimination by sellers in the housing market. The design controls carefully for unobserved differences in the quality of neighborhoods and homes purchased by buyers of each race, using novel panel data from over two million...
Persistent link: https://www.econbiz.de/10010548092
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Saving and consumption in cities
Frame, David - In: Journal of Urban Economics 73 (2013) 1, pp. 111-124
This paper examines urban residential location and rent determination within a city populated by consumers acting with perfect foresight. In this setting, the consumption and saving decisions of city residents are determined jointly with their choice of location, thereby offering an initial step...
Persistent link: https://www.econbiz.de/10010588401
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Does home owning smooth the variability of future housing consumption?
Paciorek, Andrew; Sinai, Todd - In: Journal of Urban Economics 71 (2012) 2, pp. 244-257
We show that the hedging benefit of owning a home reduces the variability of housing consumption after a move. When a current home owner’s house price covaries positively with housing costs in a future city, changes in the future cost of housing are offset by commensurate changes in wealth...
Persistent link: https://www.econbiz.de/10010577760
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An Historical Walk Through Recent Financial Crises
Kowalski, Tadeusz; Shachmurove, Yochanan - Department of Economics, University of Pennsylvania - 2011
This paper analyzes the causes and implications of recent financial crises. Financial crises in general lead to changes in both theory and practice of economics. The paper takes an historical overview. The global consensus of economic theory during the 20th century is discussed. The paper...
Persistent link: https://www.econbiz.de/10009145755