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Housing market dynamics : on the contribution of income shocks and credit constraints (revised version)

Ortalo-Magné, François; Rady, Sven - 2005

We propose a life-cycle model of the housing market with a property ladder and a credit constraint. We focus on equilibria which replicate the facts that credit constraints delay some households' first home purchase and force other households to buy a home smaller than they would like. The model...

Persistent link: https://www.econbiz.de/10010440424

Housing market dynamics : on the contribution of income shocks and credit constraints

Rady, Sven; Ortalo-Magné, François - 2001

This paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households are heterogeneous with respect to income and preferences, and mortgage lending is restricted by a down-payment requirement. The market interaction of young credit-constrained...

Persistent link: https://www.econbiz.de/10010440971

Housing Price, Credit, and Output Cycles : How Domestic and External Shocks Impact Lithuania's Credit

Ioannou, Iacovos - 2018

relationship in more detail by analyzing the main features of credit, housing price, and output cycles in Baltic and Nordic … countries during1995-2017. We find a high degree of synchronization between Lithuania's credit and housing price cycles. Panel …

Persistent link: https://www.econbiz.de/10012912503

Sources of Macroeconomic Fluctuations in the GCC Area : Implications for an Optimum Currency Area

Aleisa, Eisa; Shotar, Manhal M. - 2005

-2000 period, we identify terms of trade shocks, trade balance shocks, supply shocks, balance of payments shocks, aggregate demand …

Persistent link: https://www.econbiz.de/10014064553

Has the Euro changed the business cycle?

Enders, Zeno; Jung, Philip; Müller, Gernot J. - In: European economic review : EER 59 (2013), pp. 189-211

Persistent link: https://www.econbiz.de/10009723952

Has the Euro changed the business cycle?

Enders, Zeno; Jung, Philip; Müller, Gernot J. - 2012

Persistent link: https://www.econbiz.de/10009679707

Has the Euro Changed the Business Cycle?

Jung, Philip - 2012

standard business cycles statistics. However, further analysis reveals thatthe euro has changed the nature of the cycle through … after the introduction of the euro. Exceptions are a strong decline in real exchange rate volatility and a number of changes …

Persistent link: https://www.econbiz.de/10013103008

The Chinese impact on GDP growth and inflation in the industrial countries

Dreger, Christian; Zhang, Yanqun - 2011

to explore interdependencies between business cycles in China and industrial countries, including the US, the euro area … region. The expansionary effects in the US and the euro area responses are lower, as trade linkages are less intensive. The …

Persistent link: https://www.econbiz.de/10009515006

Inflation and Output Comovement in the Euro Area : Love at Second Sight?

Andrle, Michal - 2013

This paper discusses comovement between inflation and output in the euro area. The strength of the comovement may not … half of its variance. The strong relationship of output and inflation hints at the importance of demand shocks for the euro …

Persistent link: https://www.econbiz.de/10013074695

Exposure to international crises : trade vs. financial contagion

Grant, Everett - 2016

distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis areas. To understand the causes of the cross …

Persistent link: https://www.econbiz.de/10011975657