Although the volatility of house prices is often ascribed to demand-side factors, constraints on housing supply have … the supply response to attenuate the effects of a demand shock. My estimates and simulations confirm that regulation and … geographic constraints play critical and complementary roles in decreasing the responsiveness of investment to demand shocks …

euro. At the end of our estimation period, the previous exchange rate movements had shifted the upper bound of the play … ; modelling techniques ; switching regression ; export demand …

euro. At the end of our estimation period, the previous exchange rate movements had shifted the upper bound of the play … ; modelling techniques ; switching regression, export demand …

euro. At the end of our estimation period, the previous exchange rate movements had shifted the upper bound of the play … ; modelling techniques ; switching regression ; export demand …