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Most empirical studies found that monetary policy has a significant effect on house prices while stock markets remain unaffected by interest rate shocks. In this paper we conduct a more detailed analysis by studying various sub-segments of the real estate market. Employing a new dataset for...
Persistent link: https://www.econbiz.de/10008746662
Most empirical studies found that monetary policy has a significant effect on house prices while stock markets remain unaffected by interest rate shocks. In this paper we conduct a more detailed analysis by studying various sub-segments of the real estate market. Em-ploying a new dataset for...
Persistent link: https://www.econbiz.de/10009161905
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entire United States and an instrumental variables estimation strategy, we show that Airbnb has a positive impact on house … $9 in monthly rent and $1,800 in house prices for the median zipcode in our data, which accounts for about one fifth of … actual rent growth and about one seventh of actual price growth. Finally, we formally test whether the Airbnb effect is due …
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.2.4 Origin Characteristics and Instrument Construction -- 4 Results -- 4.1 OLS Estimation -- 4.2 IV Estimation -- 4 …
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