Narrow search
Showing 1 - 10 of 2,083
Cover Image
The housing market and housing policies in Japan
Kobayashi, Masahiro - 2016
Housing policies in Japan after World War II were focused on the quantitative supply of houses with a wide range of …
Persistent link: https://www.econbiz.de/10011441128
Cover Image
Housing market bubbles and business cycles in an agent-based credit economy
Erlingsson, Einar Jon; Cincotti, Silvano; Stefansson, Hlynur - 2013
In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes different economic agents that interact using simple behavioral rules through various markets, i.e., the consumption goods market, the labor market, the credit market and the...
Persistent link: https://www.econbiz.de/10009751106
Cover Image
Housing market bubbles and business cycles in an agent-based credit economy
Erlingsson, Einar Jon; Teglio, Andrea; Cincotti, Silvano; … - 2014
This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit network economy. A set of computational experiments have been carried out in order to explore the effects of different households’ creditworthiness conditions required by banks...
Persistent link: https://www.econbiz.de/10010248859
Cover Image
Supply restrictions, subprime lending and regional US house prices
Anundsen, André Kallåk; Heebøll, Christian - 2015
With regard to the recent US house price cycle, we analyze how the interaction between housing supply restrictions … Statistical Areas, we estimate a simultaneous boom-bust system for house prices, housing supply and subprime lending. The model … accounts for regional differences in supply elasticities that are determined by local variations in topographical and …
Persistent link: https://www.econbiz.de/10010488113
Cover Image
Taming the Housing Crisis : An LTV Macroprudential Policy
Forster, Robert - 2020
This paper develops a DSGE framework featuring a heterogeneous housing market, endogenousdefault, and a banking sector. We find that the idiosyncratic mortgage risk shock plays an importantrole in explaining the fluctuations of house prices during the mid-1980s and the years leading up tothe...
Persistent link: https://www.econbiz.de/10012826836
Cover Image
Non-Recourse Mortgage Law and Housing Speculation
Nam, Tong-yob - 2020
Borrowers in states with non-recourse mortgage law face limited liability on their mortgage loans. We show that non-recourse law causes larger swings in housing prices by encouraging speculative investments when housing markets are in a boom cycle. We find that mortgage lending pricing does not...
Persistent link: https://www.econbiz.de/10012856960
Cover Image
The Housing Crisis : A Briefing
Niemietz, Kristian Peter - 2021
effective demand for housing the lowest). There is no specific shortage of social housing, or private rented accomodation, or …
Persistent link: https://www.econbiz.de/10013225228
Cover Image
Bank failures, capital buffers, and exposure to the housing market bubble
Kara, Gazi I.; Vojtech, Cindy M. - 2017
We empirically document that banks with greater exposure to high home price-to-income ratio regions in 2005 and 2006 have higher mortgage delinquency and charge-off rates and significantly higher probabilities of failure during the last financial crisis even after controlling for capital,...
Persistent link: https://www.econbiz.de/10011803674
Cover Image
Chapter 12. Housing, Finance, and the Macroeconomy
Davis, Morris A.; Van Nieuwerburgh, Stijn - In: Handbook of regional and urban economics : volume 5, (pp. 753-811). 2015
In this chapter, we review and discuss the large body of research that has developed over the past 10-plus years that explores the interconnection of macroeconomics, finance, and housing. We focus on three major topics—housing and the business cycle, housing and portfolio choice, and housing...
Persistent link: https://www.econbiz.de/10014025303
Cover Image
The drivers of Norway's house prices
Sila, Urban - 2020
results confirm that house prices are determined by numerous demand and supply factors, including income, demographics … housing supply to demand could also ease price pressures. …
Persistent link: https://www.econbiz.de/10012203289