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discuss how the linkages between tourism and house prices have been affected. We further present evidence of an emerging shift … across countries at the onset of the pandemic, with locations depending heavily on tourism showing slower price appreciation …
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Sims and Zha (1999, 2006), the empirical evidence for the U.S., the U.K., Germany, and Italy shows that it is important to … Italy. -- Bayesian Structural VAR ; fiscal policy ; housing prices ; stock prices …
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This paper examines the impact of real estate prices on firm capital structure decisions. For a typical US listed company, a one standard deviation increase in predicted value of firm pledgeable collateral translates into a 3 percentage points increase in firm market leverage ratio. The...
Persistent link: https://www.econbiz.de/10013064464
We quantify the effect of property tax reforms implemented in Italy in 1993 and 2012 on property prices. We focus on … index dynamics. We estimate two alternative versions of the ITSA model ─ one including only Italy, and another one including …
Persistent link: https://www.econbiz.de/10013211799
The past two decades have seen substantial deregulation in the financial sectors of most OECD countries. The main motivation was to improve efficiency within the financial system, but the macroeconomic implications might go beyond this objective with impacts on the business cycle and the...
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