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In this paper, we evaluate the forecasting ability of 145 indicators and ten types of forecast combination schemes to predict housing prices and rents in 71 German cities. We are interested in whether local business confidence indicators facilitate substantial improvements of the forecasts,...
Persistent link: https://www.econbiz.de/10013027815
The World War I played a key role in shaping modern housing policy. While in the pre-War time virtually no housing policy existed, the beginning of hostilities led to an almost immediate and comprehensive state intervention in the housing market, particularly among those engaged in the war....
Persistent link: https://www.econbiz.de/10013052315
Rising rents in German cities have led to an intense debate about the need for tighter rent controls in housing markets. In April 2015, the so-called rental brake was introduced, which imposes upper bounds for rents in new contracts, in order to immediately slow down the increase of rents in...
Persistent link: https://www.econbiz.de/10012989350
The paper evaluates the quality of the German national accounting data (GDP and its use-side components) as measured by the magnitude and dispersion of the forecast/revision errors. It is demonstrated that government consumption series are the least reliable, whereas real GDP and real private...
Persistent link: https://www.econbiz.de/10012718602
Persistent link: https://www.econbiz.de/10012198129
The spread of the coronavirus worldwide is exerting considerable pressure on the economy. Compounded by the lack of quality data, model uncertainty, and uncertainty over government responses, economic forecasts are subject to even greater uncertainty than usual. It is difficult to predict how...
Persistent link: https://www.econbiz.de/10012198194
After a turbulent summer, marked by a weak second and a likely stronger third quarter, the German economy should return to an average pace of growth and end up with a growth rate of 0.9 percent in 2019. Despite the more subdued pace, capacity utilization remains high; employment growth is...
Persistent link: https://www.econbiz.de/10012016596
Persistent link: https://www.econbiz.de/10012110771
The slowdown in the global economy and the uncertainties caused by Brexit have affected the export-oriented German economy, which is expected to grow by only 0.5 percent this year. However, the German economy has not slid into a crisis due to marked fiscal policy stimuli and favorable...
Persistent link: https://www.econbiz.de/10012110811
Bisher stand die empirische Forschung zu Mietwohnungsmärkten nicht im Fokus vergleichender Wohnungsforschung. Mit Blick auf die Debatte um steigende Mieten kann vergleichende Forschung zum Mietwohnungsmarkt zum Erkenntnisgewinn beitragen. Neue Daten aus 25 Industrieländern ermöglichen es nun,...
Persistent link: https://www.econbiz.de/10012120335