This paper analyzes the relative merits of large place- and tenant-based housing programs in Finland in terms of housing affordability and neighborhood quality. Using hedonic regression methods and household micro data, we find that rent savings to public housing tenants are less targeted...

In the current paper, we quantify the effect that fuel prices have on vehicle prices' responsiveness to fuel economy. We apply a hedonic price model to the German automobile market by using data on detailed technical specifications of high-sales vehicles of three sequential model years. In the...

We use a quasi-experimental research design to study the effects of 22 renewal areas implemented in Berlin, Germany, to increase housing and living quality in the aftermath of the city s division during the Cold War period. Our results suggest within the targeted areas that the policy has helped...

Medien und Informationstechnologie gehören in vielen Regionen zu den wirtschaftspolitischen Schwerpunktfeldern, und auch die Bundesregierung ist auf diesem Gebiet standortpolitisch aktiv - zum Beispiel im Rahmen der nationalen "Informationstechnologie-Gipfel". Die einzelnen Segmente dieses...

We present a macroprudential stress testing framework. While traditional stress testing assesses the level of banks' capital adequacy relative to regulatory requirements through a hypothetical crisis, macroprudential stress testing assesses macroeconomic consequences of the impact of banks'...

In 2018, Minneapolis became the first U.S. city to eliminate single-family zoning through the Minneapolis 2040 Plan, with a central focus on improving housing affordability. Using a synthetic control approach, this paper finds that the reform reduced the growth of housing costs over the...

Mortgage borrowers who have experienced employment disruptions as a result of the COVID-19 pandemic are unable to refinance their loans to take advantage of historically low market rates. In this article, we analyze the effects of a streamlined refinance (“refi”) program for...

This paper evaluates the performance of the housing market in China after the COVID-19 outbreak and the subsequent economy reopening. We construct weekly housing price indices for 64 cities by analyzing more than 700 thousand housing transaction records in 2019 and 2020. After accounting for the...