Narrow search
Showing 1 - 10 of 481,503
Cover Image
Testing for Bubbles in Housing Markets : A Panel Data Approach
Mikhed, Vyacheslav; Zemcik, Petr - 2008
We employ recently developed cross-sectionally robust panel data tests for unit roots and cointegration to find whether … ten-year periods, price-rent ratios, and the panel data tests to construct a bubble indicator. The indicator is high for … the late 1980s, early 1990s and since the late 1990s for both panels. Finally, evidence based on panel data Granger …
Persistent link: https://www.econbiz.de/10014219293
Cover Image
U.S. metropolitan house price dynamics
Oikarinen, Elias; Bourassa, Steven C.; Hoesli, Martin; … - 2017
recent advances in panel econometrics that allow for spatial heterogeneity, cross-sectional dependence, and non …
Persistent link: https://www.econbiz.de/10011875693
Cover Image
Housing Markets in Central and Eastern Europe : Is There a Bubble in the Czech Republic?
Zemcik, Petr - 2009
to an apartment purchase. State-of-the art panel data stationarity and Granger causality techniques are employed to test …
Persistent link: https://www.econbiz.de/10014203535
Cover Image
Is there an asymmetric impact of housing on output?
Lee, Tsung-Hsien Michael; Chen, Wenjuan - 2015
Numerous papers have tried to understand housing’s role in the economy and have not reached an agreement. In this paper we turn to the asymmetric relationship between housing and the overall economic activity. We find that the relation between building permits and GDP is regime-dependent....
Persistent link: https://www.econbiz.de/10010529356
Cover Image
House Market in Chinese Cities : Dynamic Modeling, In-Sample Fitting and Out-of-Sample Forecasting
Leung, Charles K. - 2010
This paper attempts to contribute in several ways. Theoretically, it proposes simple models of house price dynamics and construction dynamics, all based on forward-looking agents' maximization problems, which may carry independent interests. Simplified version of the model implications are...
Persistent link: https://www.econbiz.de/10013139009
Cover Image
Adjustment in Local Labour and Housing Markets
Grimes, Arthur L.; Maré, David Christopher; Morten, Melanie - 2015
This paper analyses local labour and hosuing market adjustment in New Zealand from 1989 to 2006. We use a VAR approach to examine the adjustment of employment, employment rate, participation rate, wages, and house prices in response to employment shocks. Migration is a major adjustment response...
Persistent link: https://www.econbiz.de/10014224901
Cover Image
Housing demand shocks and households' balance sheets
Anderes, Marc - 2021
We examine the dynamic effects of housing demand shocks on a large set of U.S. macroeconomic series and detailed household balance sheet components for four wealth percentile groups. The results show that a positive housing shock translates into a large and persistent boom of economic activity,...
Persistent link: https://www.econbiz.de/10012431593
Cover Image
Intratemporal nonseparability between housing and nondurable consumption : evidence from reinvestment in housing stock
Khorunzhina, Natalia - 2019
Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by intratemporal nonseparability in households' preferences....
Persistent link: https://www.econbiz.de/10012023937
Cover Image
Intratemporal nonseparability between housing and nondurable consumption : evidence from reinvestment in housing stock
Khorunzhina, Natalia - 2019
Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by intratemporal nonseparability in households’...
Persistent link: https://www.econbiz.de/10012024427
Cover Image
A Quantitative Analysis of the U.S. Housing and Mortgage Markets and the Foreclosure Crisis
Chatterjee, Satyajit - 2015
We present a model of long-duration collateralized debt with risk of default. Applied to the housing market, it can match the homeownership rate, the average foreclosure rate, and the lower tail of the distribution of home-equity ratios across homeowners prior to the recent crisis. We stress the...
Persistent link: https://www.econbiz.de/10013025961