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Interactive expectations
Flieth, B; Foster, J - 2002
In modeling expectation formation, economic agents are usually viewed as forming expectations adaptively or in accordance with some rationality postulate. We offer an alternative nonlinear model where agents exchange their opinions and information with each other. Such a model yields multiple...
Persistent link: https://www.econbiz.de/10009447863
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It takes more than a bubble to become Japan
Posen, Adam - 2003
bubbles, a bubble itself is not sufficient to cause real-side disruption. What central bankers should learn from Japan …Did monetary ease in the 1980s cause Japan's bubble, as is often suggested? Drawing on both a new cross …-national consideration of the monetary policy-asset price linkage and a re-examination of what actually occurred in Japan 1985-1990, I …
Persistent link: https://www.econbiz.de/10009472319
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Do trade and financial linkages foster business cycle synchronization in a small economy?
García Herrero, Alicia; Ruiz Pérez, Juan Manuel - 2008
We estimate a system of equations to analyze whether bilateral trade and financial linkages influence business cycle synchronization directly and/or indirectly. Our paper builds upon the existing literature by using bilateral trade and financial flows for a small, open economy (Spain) as...
Persistent link: https://www.econbiz.de/10012529961
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A Regime Shift Model of the Recent Housing Bubble in the United States
Van Order, Robert - 2006
It has been widely assumed that there was a bubble in the U.S. housing market after1999.This paper analyzes the extent to which that was true. We define a bubble as: (1) a regime shift that is characterized by a change in the properties of deviations from the fundamentals of house price growth,...
Persistent link: https://www.econbiz.de/10009476926
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Essays on speculation.
Slawski, Adam Wladyslaw - 2009
University of Minnesota Ph.D. dissertation. August 2009. Major: Economics. Advisor: Narayana Kocherlakota. 1 computer file (PDF); iv, 65 pages, appendices A-B.
Persistent link: https://www.econbiz.de/10009462812
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Learning from experience in the stock market
Nakov, Anton; Nuño Barrau, Galo - 2011
Incluye bibliografía ; Este documento estudia la dinámica de los precios de las acciones en un modelo tipo «árbol de Lucas» en el que los inversores tienen vidas finitas y aprenden de su propia experiencia. Los individuos actualizan sus expectativas mediante aprendizaje bayesiano basado en...
Persistent link: https://www.econbiz.de/10012530357
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Competitiveness factors : a study of the real estate market in China
Li, Heng; Li, Vera; Skitmore, Martin; Wong, Johnny Kwok Wai - 2009
The execution of 'macro-adjustment' policies by the central government to cool down the overheated real estate market in the past few years has created an unfavourable operating environment for real estate developers in Mainland China. Developers need to rethink their business model and create a...
Persistent link: https://www.econbiz.de/10009483377
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ECONOMIC AGENT BEHAVIOR ON REAL ESTATE MARKET
CHINDRIÅž-VÄ‚SIOIU, Oana - 2014
Traditional theory of the consumer explains development of demand through changes in prices and income. Consumer tastes and preferences are considered to be constant, stable, therefore does not take account of them in explaining market participants behavior. Indeed, from scientific point of...
Persistent link: https://www.econbiz.de/10011316147
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Foreign investment in the residential real estate market in Spain between 2007 and 2019
Álvarez Román, Laura; Blanco Escolar, Roberto; …
Artículo de revista ; This article analyses changes in investment by foreigners in the residential real estate market in Spain between 2007 and 2019. Two indicators are used for this purpose: gross purchases by foreigners as a percentage of total transactions and net purchases (purchases less...
Persistent link: https://www.econbiz.de/10012524817