paper establishes some innovative dynamic models, proposes a concept of net mortgage loan to net speculative gain ratios to … investigate the speculative behaviors and mortgage bubbles, and finally concludes some interesting results: The necessary …, and, the net mortgage loan to net speculative gain ratios subsequently exist, which approximately depict the potential …

This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the … transmission of monetary policy. We use a panel VAR model which is estimated over the period 1995-2006 to generate impulse … responses of key macroeconomic variables to a monetary policy shock. We propose a data-driven approach that splits our panel of …

In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … mortgage distress on house prices. …

In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … mortgage distress on house prices. …

Panel Probit model over the period 1980-2007. It finds that 1) most recent housing booms have been very persistent and of a … term interest rates, local and global money and credit developments, and the incidence of mortgage market deregulation …