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Reforming Housing and Regional Policies in Korea

Jones, Randall S.; Yokoyama, Tadashi - Economics Department, Organisation de Coopération et … - 2008

The government has introduced five policy packages since August 2005 to stabilise house prices, mainly due to concerns about possible spill-overs from the capital region to other parts of the country, even though the increase on a nation-wide basis has been modest compared to other OECD...

Persistent link: https://www.econbiz.de/10005046240

Immigration and Housing Booms: Evidence from Spain

Gonzalez, Libertad; Ortega, Francesc - Institute for the Study of Labor (IZA) - 2009

We estimate empirically the effect of immigration on house prices and residential construction activity in Spain over the period 1998-2008. This decade is characterized by both a spectacular housing market boom and a stunning immigration wave. We exploit the variation in immigration across...

Persistent link: https://www.econbiz.de/10005029646

Immigration and housing booms: Evidence from Spain

Luna, Libertad González; Ortega, Francesc - Department of Economics and Business, Universitat … - 2009

Persistent link: https://www.econbiz.de/10005029665

Determinants of House Prices in Central and Eastern Europe

Egert, Balazs; Mihaljek, Dubravko - Česká Národní Banka - 2008

This paper studies the determinants of house prices in eight transition economies of Central and Eastern Europe (CEE) and 19 OECD countries. The main question addressed is whether the conventional fundamental determinants of house prices, such as GDP per capita, real interest rates, housing...

Persistent link: https://www.econbiz.de/10005196144

House Price Efficiency: Expectations, Sales, Symmetry

Grimes, Arthur; Aitken, Andrew; Kerr, Suzi - EconWPA - 2004

An efficient housing market is of critical importance for individual welfare and for a well-functioning economy. We test the efficiency of this market by estimating the factors that determine both the long-run and the dynamic paths of regional house prices. Our tests use a new quarterly regional...

Persistent link: https://www.econbiz.de/10005407861

Land Taxes and Revenue Needs as Communities Grow and Decline: Evidence from New Zealand

Kerr, Suzi; Aitken, Andrew; Grimes, Arthur - Motu: Economic & Public Policy Research - 2004

Persistent link: https://www.econbiz.de/10005413349

House price developments and fundamentals in the United States

Finicelli, Andrea - Banca d'Italia - 2007

This paper discusses the limitations of the price-income ratio, the price-rent ratio, and of affordability measures as indicators of housing market conditions. For the purpose of assessing whether house prices are misaligned, the most sensible approach is to calculate the user cost of ownership...

Persistent link: https://www.econbiz.de/10005609419

Debt Dynamics and Monetary Policy: A Note

Laséen, Stefan; Strid, Ingvar - Sveriges Riksbank - 2013

"Leaning against the wind" – a tighter monetary policy than necessary for stabilizing inflation around the inflation target and unemployment around a long-run sustainable rate – has been justified as a way of reducing household indebtedness. In a recent paper Lars Svensson claims that this...

Persistent link: https://www.econbiz.de/10010733867

House Prices and Rents: Micro Evidence from a Matched Dataset in Central London_x0003_

Bracke, Philippe - European Regional Science Association - 2013

methodology, I use hedonic regressions to estimate average prices and rents within cells of observationally equivalent properties …. Since hedonic regressions cannot control for unobserved characteristics, I also run a restricted analysis with properties … rents. In order to verify the above mechanisms, I use price and rent indexes derived from the hedonic regressions to …

Persistent link: https://www.econbiz.de/10010740486

House prices and rents: micro evidence from a matched dataset in Central London

Bracke, Philippe - London School of Economics (LSE) - 2013

transactions in Central London during the 2005-2011 period. I run hedonic regressions on both prices and rents and show that price …

Persistent link: https://www.econbiz.de/10010744927