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We lay out an empirical and a theoretical model to analyze the effects of non-fundamental exchange rate volatility on … of the conditional exogenous exchange rate volatility on the conditional mean of the endogenous variables in our open … empirically. In the second part, we investigate the effect of non-fundamental exchange rate volatility in a stochastic open …
Persistent link: https://www.econbiz.de/10009636551
The number of new dwellings built in Spain more than doubled between 1997 and 2004. Provisional estimates indicate that the figure might currently be over 800,000. Strikingly, this impressive response of supply to demand has not put a brake on housing prices, which have also doubled in real...
Persistent link: https://www.econbiz.de/10009661732
effects of stock market bubbles can contribute to business cycle synchronisation across economic areas. …
Persistent link: https://www.econbiz.de/10009635970
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This paper provides an overview of the development of the conceptual framework underlying social protection programming and policy among the key international development institutions active in this sector. It sets out the historical, institutional and political factors underlying the current...
Persistent link: https://www.econbiz.de/10011799535
Analysis of the real estate sector in Estonia in recent years: multifactor housing demand and housing supply constraints. Was the price right and is it now? What next?
Persistent link: https://www.econbiz.de/10009641067
The housing sector was a significant driver of Ireland's growth performance during the last decade, reflecting strong country-specific fundamentals. While supply and demand factors can explain much of the developments of prices during last 27 years, there is evidence of overshooting in the later...
Persistent link: https://www.econbiz.de/10009641104
The paper summarises UK house price developments since the mid-1990s and reviews evidence of demand and supply factors that have contributed to the house price boom. Strong growth in UK house prices since 1997 is partly explained by rising average incomes and falls in mortgage interest rates....
Persistent link: https://www.econbiz.de/10009641106
Persistent link: https://www.econbiz.de/10009639535