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This paper looks at the relation between mortgage credit and housing values. It has become conventional wisdom in … tested as of yet. The paper uses the Johansen procedure to estimate a long run relationship between mortgage credit and … different housing price variables are estimated. It is found that mortgage credit is weakly exogenous. Impulse …
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This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the …
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This paper explores the importance of housing and mortgage market heterogeneity in 13 European countries for the …
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