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The reaction speeds of prices and transaction volume in the Finnish housing market to demand shocks
Oikarinen, Elias - 2009
This article provides new empirical evidence on the dynamics of price movements and transaction volume in the housing … market using data from Finland. While the previous related literature studies the reactions of sales volume and prices to an …-error correction model, the response of prices to demand shocks is found to be substantially slower than that of sales. The effect of a …
Persistent link: https://www.econbiz.de/10012503010
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The reaction speeds of prices and transaction volume in the Finnish housing market to demand shocks
Oikarinen, Elias - Turun Kauppakorkeakoulu, Turun Yliopisto - 2009
This article provides new empirical evidence on the dynamics of price movements and transaction volume in the housing … market using data from Finland. While the previous related literature studies the reactions of sales volume and prices to an …-error correction model, the response of prices to demand shocks is found to be substantially slower than that of sales. The effect of a …
Persistent link: https://www.econbiz.de/10008466891
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Spatial and hedonic analysis of house price dynamics in Warsaw
Waszczuk, Joanna; Olszewski, Krzysztof; Widłak, Marta - Narodowy Bank Polski - 2015
The aim of our article is to analyze the dynamics of housing prices in the secondary housing market in Warsaw from Q1 …
Persistent link: https://www.econbiz.de/10011212536
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Urbanisme d'aujourd'hui et prix immobiliers
Lacaze, Jean-Paul - In: Revue d'économie régionale et urbaine juillet (2004) 3, pp. 437-452
Second-hand housing markets are to-day the regulations of local systems lf land and housing prices. They disclose the appreciations by the citizens of the urban qualities of quarters. The choices of these citizens are mostly determined by non-economic factors : the financial constraint, which...
Persistent link: https://www.econbiz.de/10011020131
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Economic Impacts of Cultural Diversity in the Netherlands: Productivity, Utility, and Sorting
Bakens, Jessie; Mulder, Peter; Nijkamp, Peter - Tinbergen Instituut - 2012
This discussion paper resulted in an article in the <I>Journal of Regional Science</I> (2013). Volume 53, issue 1, pages 8-36.<P> This paper identifies the role of cultural diversity in explaining spatial disparities in wages and housing prices across Dutch cities, using unique individual panel data of...</p></i>
Persistent link: https://www.econbiz.de/10011256607
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Estimating a stock-flow model for the Swiss housing market
Steiner, Elizabeth - Schweizerische Nationalbank (SNB) - 2010
This paper analyses the development of housing market imbalances, housing prices and residential investment in Switzerland within a stock-flow framework. In the long run, the desired level of residential capital stock and the existing residential capital stock revert. Empirical results indicate,...
Persistent link: https://www.econbiz.de/10008925022
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Regional Analysis of Housing Price Bubbles and Their Determinants in the Czech Republic
Hlaváèek, Michal; Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 61 (2011) 1, pp. 67-91
In this article we focus on factors affecting property prices in the Czech regions. We apply an empirical analysis to identify periods of property price overvaluation by three alternative approaches: using ratios related to house prices (price-to-income and price-to-rent), using simple analysis...
Persistent link: https://www.econbiz.de/10009003418
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Complex Methods in Economics: An Example of Behavioral Heterogeneity in House Prices
Bolt, Wilko; Demertzis, Maria; Diks, Cees; Leij, Marco … - de Nederlandsche Bank - 2011
We show how simple statistical techniques for capturing critical transitions used in natural sciences, fail to capture economic regime shifts. This implies that we need to use model-based approaches to identify critical transitions. We apply a heterogenous agents model in a standard housing...
Persistent link: https://www.econbiz.de/10009390616
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Productivity shocks and housing market inflations in new Keynesian models
Ko, Jun-Hyung - Volkswirtschaftliche Fakultät, … - 2011
Econometric evidence suggests the existence of two dynamics in the postwar U.S. housing market: (i) housing rental and …
Persistent link: https://www.econbiz.de/10009323636
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Macroeconomic Effects of Over-investment in Housing in an Aggregative Model of Economic Activity
Hoon, Hian Teck - School of Economics, Singapore Management University - 2010
Is there a theoretical basis for the view that the end of a period of over-investment necessarily leads to a period of below-normal employment as the excess capital stock is run down? We study the repercussions of a false boom in housing driven by prior expectations of future housing prices not...
Persistent link: https://www.econbiz.de/10008725930