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efectos asimétricos sobre el consumo; ii) el canal de oferta de vivienda de la política monetaria es pequeño aunque sus …Este documento analiza la riqueza en vivienda como un canal de trasmisión de la política monetaria en Colombia, a …
Persistent link: https://www.econbiz.de/10005650574
y con efectos asime?tricos sobre el consumo; ii) el canal de oferta de vivienda de la poli?tica monetaria es pequen …Este documento analiza la riqueza en vivienda como un canal de trasmisio?n de la poli?tica monetaria en Colombia, a …
Persistent link: https://www.econbiz.de/10010945977
We show that the hedging benefit of owning a home reduces the variability of housing consumption after a move. When a current home owner's house price covaries positively with housing costs in a future city, changes in the future cost of housing are offset by commensurate changes in wealth...
Persistent link: https://www.econbiz.de/10013115530
This paper examines urban residential location and rent determination within a city populated by consumers acting with perfect foresight. In this setting, the consumption and saving decisions of city residents are determined jointly with their choice of location, thereby offering an initial step...
Persistent link: https://www.econbiz.de/10013092359
Are households more likely to be homeowners when “housing risk” is higher? We show that home-ownership rates and loan-to-value (LTV ) ratios at the city level are strongly negatively correlated with local house price volatility. However, causal inference is confounded by house price levels,...
Persistent link: https://www.econbiz.de/10011757320
We show that the hedging benefit of owning a home reduces the variability of housing consumption after a move. When a current home owner's house price covaries positively with housing costs in a future city, changes in the future cost of housing are offset by commensurate changes in wealth...
Persistent link: https://www.econbiz.de/10008727860
Are households more likely to be homeowners when “housing risk” is higher? We show that home-ownership rates and loan-to-value (LTV) ratios at the city level are strongly negatively correlated with local house price volatility. However, causal inference is confounded by house price levels,...
Persistent link: https://www.econbiz.de/10011126690
, variaciones en el consumo agregado. Para ello se desarrolla un modelo en el que la vivienda hace de colateral y los hogares pueden …Este documento analiza los efectos que generan los cambios en la riqueza de los hogares en el consumo agregado de la … economía. Dado que el principal activo en la riqueza de los hogares es la vivienda, es importante analizar su comportamiento y …
Persistent link: https://www.econbiz.de/10010763097
La política de vivienda que se ha desarrollado en Colombia durante las dos últimas décadas ha tenido la orientación de …, bajo el principio de la multibanca; y la eliminación del promotor estatal de vivienda social, el Instituto de Crédito … pudiera cumplir dos metas fundamentales: combatir la penuria de vivienda de los más pobres y solidificar un sector dinámico de …
Persistent link: https://www.econbiz.de/10008543196
Housing construction has been fueled in recent years by a speculative process that has ended up generating an extraordinary oversupply. The aim of this study is to quantify the gap between supply and demand for housing in the Spanish economy between 1996 and 2007. Different estimates of the...
Persistent link: https://www.econbiz.de/10011113406