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This paper investigates the importance of including data on new housing supply in Dynamic Stochastic General … financial sector and real estate sector, they have largely overlooked housing supply. I develop an extended DSGE model that … includes both the financial sector and endogenous housing supply and show that forecasting accuracy significantly improves when …
Persistent link: https://www.econbiz.de/10014543686
-risk" methodology to the German housing market. Quantile regressions reveal that different quantiles of the house price forecast …
Persistent link: https://www.econbiz.de/10014476372
From 2014 until present, housing prices in Germany have been rising faster than consumer prices in all quarters except … one, raising concerns about an excessive over-heating of the housing market. To assess the vulnerability of the German … housing market to a future realignment of prices or even a housing bust, this paper develops a housing price misalignment …
Persistent link: https://www.econbiz.de/10012100528
In recent years the housing market in Malta has been characterised by significant demand and supply developments … housing block in STREAM. Consistent with theoretical expectations, a one-to-one relationship between rents and house prices is … tourist nights stayed in private accommodation and the housing stock per household. The housing block in STREAM is modified to …
Persistent link: https://www.econbiz.de/10012603339
House prices have inertia, which may be because housing-market participants need time to recognize long booms and … recessions. Within a dynamic stochastic general-equilibrium model with markets for housing and defaultable mortgages, I consider …
Persistent link: https://www.econbiz.de/10011537069
in the U.K. housing market. In addition to conducting parametric and non-parametric tests, we apply technical trading …
Persistent link: https://www.econbiz.de/10010300511
It is systemic to expound how that the speculative behaviors are driven by the number of a series housing policies … measure the speculative behaviors still remains open in the academe and practice. Based on the level of housing prices, this … condition of speculative behaviors' existence is that the growth rate of housing prices must have a positive minimum boundary …
Persistent link: https://www.econbiz.de/10010286822
Panel Probit model over the period 1980-2007. It finds that 1) most recent housing booms have been very persistent and of a …
Persistent link: https://www.econbiz.de/10011605117
and one divergent club, confirming the Turkish housing market's heterogeneity and complexity. We extend the analysis to … interlinkages among house prices and the effects of shocks originating from the regional housing markets in developing countries. …
Persistent link: https://www.econbiz.de/10014547836
From September 2011 to January 2015, the Swiss National Bank (SNB) implemented a minimum exchange rate regime (i.e. a one-sided target zone) vis-a-vis the euro to fight deflationary pressures in the aftermath of the Great Financial Crisis. During this period of unconventional monetary policy,...
Persistent link: https://www.econbiz.de/10012201821