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Monetary policy and home buying inequality

Ringo, Daniel - 2023

Persistent link: https://www.econbiz.de/10014282982

Housing and personal wealth in a global context

Muellbauer, John - 2007

Housing is the single most important component of personal wealth in most countries. The special characteristics of housing markets are therefore key to understanding personal portfolios, saving, the household distribution of wealth, and the monetary transmission mechanism. This paper discusses...

Persistent link: https://www.econbiz.de/10010284569

Housing markets, expectation formation and interest rates

Martin, Carolin; Schmitt, Noemi; Westerhoff, Frank H. - 2019

Based on a behavioral stock-flow housing market model in which the expectation formation behavior of boundedly rational and heterogeneous investors may generate endogenous boom-bust cycles, we explore whether central banks can stabilize housing markets via the interest rate. Using a mix of...

Persistent link: https://www.econbiz.de/10011963798

Residential investment and economic activity : evidence from the past five decades

Kohlscheen, Emanuel; Mehrotra, Aaron N.; Mihaljek, Dubravko - 2018

Persistent link: https://www.econbiz.de/10011867333

The rate of return on everything, 1870-2015

Jordà, Òscar; Knoll, Katharina; Kuvshinov, Dmitry; … - 2018

This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the...

Persistent link: https://www.econbiz.de/10011794864

The Infrastructure and Other Costs of Immigration

Musgrave, Ralph S. - Volkswirtschaftliche Fakultät, … - 2008

Since 2002, the British Government department responsible for immigration, the Home Office, has claimed immigrants pay £2-5bn more in tax than they withdraw from the public purse. The workings behind this figure omit the cost of the additional infrastructure investments that immigrants...

Persistent link: https://www.econbiz.de/10005616954

The Role of Interest Rates in Influencing Long-Run Homeownership Rates

Painter, Gary; Redfearn, Christian L. - Lusk Center for Real Estate, Marshall School of Business - 2001

homeownership rate to 70 percent by 2006. To accomplish this goal, they estimate that 3.8 million additional families be added to … the ranks of U.S. homeowners. Furthermore, HUD estimates that the homeownership gap between minority and nonminority … to increase homeownership. These range from low downpayment loans, greater access to credit in underserved areas, and …

Persistent link: https://www.econbiz.de/10011252810