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Angesichts generell niedriger und weiter sinkender Inflationsraten sowie abermals enttäuschter Wachstumserwartungen kam im vergangenen Jahr in Europa eine Diskussion über sich abzeichnende Deflationsrisiken auf. In diesem Zusammenhang rückte auch der Wohnimmobilienbereich ins Blickfeld des...
Persistent link: https://www.econbiz.de/10011692171
We study an exchange economy with overlapping generations of consumers who derive utility from consuming a non-durable commodity and housing. A banking sector offers loans to finance housing. We provide a complete characterization of the equilibrium dynamics which alternates between an expansive...
Persistent link: https://www.econbiz.de/10010308946
In this paper we study the drivers of fluctuations in the Irish housing market by developing a dynamic stochastic general equilibrium (DSGE) model of Ireland as a member of the European Monetary Union (EMU). We estimate the model with Bayesian methods using time series for both Ireland and the...
Persistent link: https://www.econbiz.de/10010308300
Housing crises usually go hand in hand with a long lasting recession and a considerable loss in output. We first re-examine the effects of a housing crises on the business cycle based on historical crises. Then we estimate the international spill-over-effects if several huge industrial countries...
Persistent link: https://www.econbiz.de/10010265229
model of inflation determination estimated on the Czech data.We characterize the estimated components of CPI, WPI and import …
Persistent link: https://www.econbiz.de/10011604595
I present empirical results on the contribution of three key drivers of inflation in Denmark: an inflation trend … anchored by inflation expectations; the Danish business cycle; and an energy price cycle. All three drivers contribute … significantly to the development of inflation and explain most of the variation in the last 40 years. The results are based on a …
Persistent link: https://www.econbiz.de/10014563915
Persistent link: https://www.econbiz.de/10010307140
The structural differences and the dynamics in prices on the second-hand market for family houses in large(Stockholm, Gothenburg and Malmo), medium-sized, small and industrial cities and sparsely populated areas are analysed in this paper. The basic house price data set used in the analysis...
Persistent link: https://www.econbiz.de/10010321703
Contemporary European urban planning policies aim to mix land uses in compact neighbourhoods. It is presumed that mixing land uses yields socio-economic benefits and therefore has a positive effect on housing values. In this paper, we investigate the impact of mixed land use on housing values...
Persistent link: https://www.econbiz.de/10010325996
für Wohnimmobilien – auch im näheren Umland zu den Großstädten. Allerdings ist die Wohnkostenbelastung in Sachsen im …
Persistent link: https://www.econbiz.de/10011886066