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This analysis provides evidence for the costs housing crises induce in terms of GDP growth and under what circumstances these crises are particularly costly. Housing crises are often followed by recessions that are longer and deeper than other recessions. According to empirical estimates, a...
Persistent link: https://www.econbiz.de/10003842929
This paper analyzes the costs of housing crises in terms of GDP growth and the economic conditions under which crises are particularly costly. Housing crises are often followed by recessions that are longer than other recessions. According to empirical estimates, a housing crisis reduces the GDP...
Persistent link: https://www.econbiz.de/10011452107
I empirically analyze the dynamics of business investment following normal recessions (declines in business investment that are not associated with banking crises) and banking crises. Using a panel of 16 advanced economies, I find evidence for significant non-linear trend reversion or...
Persistent link: https://www.econbiz.de/10010518645
Persistent link: https://www.econbiz.de/10011623582
This paper analyzes the costs of housing crises in terms of GDP growth and the economic conditions under which crises are particularly costly. Housing crises are often followed by recessions that are longer than other recessions. According to empirical estimates, a housing crisis reduces the GDP...
Persistent link: https://www.econbiz.de/10011453717
This analysis provides evidence for the costs housing crises induce in terms of GDP growth and under what circumstances these crises are particularly costly. Housing crises are often followed by recessions that are longer and deeper than other recessions. According to empirical estimates, a...
Persistent link: https://www.econbiz.de/10010291479
Großbritannien und Spanien sprechen bereits viele Anzeichen dafür, dass eine solche Krise bereits ausgebrochen ist, aber auch … Vereinigten Staaten, Großbritannien, Spanien und Frankreich gemeinsam auftretenden Immobilienkrisen untersucht. In einem solchem …
Persistent link: https://www.econbiz.de/10003764611
geringfügig dämp- fen; Großbritannien, Frankreich und Spanien haben dagegen keinen größeren Einfluss auf die Konjunktur im … Großbritannien und Spanien sprechen bereits viele Anzeichen da- für, dass eine solche Krise bereits ausgebro- chen ist, aber auch … Konsequenzen von in den Vereinigten Staaten, Großbritannien, Spanien und Frankreich ge- meinsam auftretenden Immobilienkrisen un …
Persistent link: https://www.econbiz.de/10013341173
Schätzungen des Produktionspotenzials und der Produktionslücke einer Volkswirtschaft sind von großer Bedeutung für die Wirtschaftspolitik. Sie spielen eine wesentliche Rolle für den Europäischen Stabilitäts- und Wachstumspakt und für die im Grundgesetz verankerte Schuldenbremse. In der...
Persistent link: https://www.econbiz.de/10011985218
cycle pattern differed significantly from that in a typical crisis, house prices in Great Britain, Spain and France just …
Persistent link: https://www.econbiz.de/10010265229