Showing 1 - 10 of 3,647
This paper examines housing finance and housing price dynamics in selected emerging Middle Eastern economies over the … capita consumer spending volatility this decade; (ii) a downward price correction occurred in the housing market after 2007 … price dynamics exists in this region, rendering the former more sensitive to the business cycle. …
Persistent link: https://www.econbiz.de/10008561070
The financial crisis showed, once again, that neglecting real estate booms can have disastrous consequences. In this paper, we spell out the circumstances under which a more active policy agenda on this front would be justified. Then, we offer tentative insights on the pros and cons as well as...
Persistent link: https://www.econbiz.de/10009019603
housing situation, policies and practices, followed by the dynamics of the housing sector. The main findings of the study, low …This paper analyses the performance of the housing supply sector in Algeria. The country is witnessing a high rate of … urbanization, and a fast growing labor force. The effects of housing policy on labor market, and ultimately economic growth are …
Persistent link: https://www.econbiz.de/10005004939
modification scheme should address both issues. Given the key role foreclosures play in the adverse housing market dynamics, and … that the key problem is a combination of negative housing equity and unaffordable debt service, and a successful loan …
Persistent link: https://www.econbiz.de/10011245863
, the limits alter expectations, which play a key role in bubble dynamics. …
Persistent link: https://www.econbiz.de/10009401203
serve both the redistributive and growth-enhancing objectives of poverty reduction policies. The current state of housing … growth of alleviating housing shortages by improving access to mortgage financing. …
Persistent link: https://www.econbiz.de/10005825998
The responsiveness of housing supply to changes in prices bears important implications for the evolution of housing … prices and the speed of adjustment of housing markets. This paper estimates the long-run price elasticity of new housing … supply in 21 OECD countries based on a stock-flow model of the housing market estimated within an error correction framework …
Persistent link: https://www.econbiz.de/10008799709
Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention … following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries …, and examines the determinants of house price movements. Empirical analysis shows that house price dynamics are mostly …
Persistent link: https://www.econbiz.de/10010790415
Persistent link: https://www.econbiz.de/10010860669
Persistent link: https://www.econbiz.de/10010860670