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Klyuev (2008) concluded that the Canadian market for housing finance is highly advanced and sophisticated, but financing options were somewhat limited, particularly at terms longer than five years. This paper argues that the paucity of longer-term loans is caused by a five-year maturity cap on...
Persistent link: https://www.econbiz.de/10008528667
This paper discusses how financial innovation turned U.S. mortgages into an asset class with worldwide investor appeal. It suggests that U.S. financial markets have been skilful in developing tools that have helped households exploit favorable global financing conditions to boost home ownership...
Persistent link: https://www.econbiz.de/10011242944
devaluation of the US mechanical rate against inflation since the Copyright Act of 1976. As Congress and the CARP Tribunal are … ultimately involved in setting terms, the implication is that songwriters and their publishers are losing power in the USA … against the record labels. For a variety of reasons, the phenomenon seems to be particular to the USA. It has also gone …
Persistent link: https://www.econbiz.de/10009352593
determinant in the go through channel affecting the prices of final goods and services and inflation in the USA. I test several …The paper analyses the impact of the labour costs and import costs on the prices of final goods in the USA during the … goods in last 50 years in the USA. …
Persistent link: https://www.econbiz.de/10010816774
This Selected Issues paper examines the factors determining housing prices in the United Kingdom. Based on econometric evidence, the paper assesses whether recent housing price increases can be explained by fundamentals or whether they represent a temporary overshooting of housing prices,...
Persistent link: https://www.econbiz.de/10005252805
Im August übertraf der Anstieg der Verbraucherpreise in Deutschland mit 2,1% erstmals seit 31 Monaten wieder die 2%-Marke (Westdeutschland: 2,0%; Ostdeutschland: 2,4%). In Westdeutschland ist die Rate im September nach vorläufigen Schätzungen des Statistischen Bundesamtes zwar wieder auf 1,8%...
Persistent link: https://www.econbiz.de/10005055746
gereicht hätte, um die Inflationsrisiken zu begrenzen. Statt mit Augenmaß die Inflation in Schach zu halten, droht die EZB mit …
Persistent link: https://www.econbiz.de/10005055985
regression models and provide a discussion of the impact on the formation of inflation expectations in the presence of multiple … and recurrent changes in inflation regimes. Our empirical findings give a plausible explanation as to why the rational …-expectations hypothesis based on direct measures of inflation expectations from survey series is typically rejected because of large …
Persistent link: https://www.econbiz.de/10005246292
Persistent link: https://www.econbiz.de/10010538830
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Persistent link: https://www.econbiz.de/10009283343