shocks specific to the housing sector. While our estimates show that monetary policy has large spillover effects on house …

case study based on the Canadian housing market is presented. …

In this paper we study the drivers of fluctuations in the Irish housing market by developing a dynamic stochastic … that housing preference (demand) and technology shocks are the main drivers of fluctuations in house prices and residential … investment. Moreover, we find that adding housing collateral does not improve the fit of our model to the data. A standard …

Some observers say the 1998–2006 housing boom led to the global financial crisis and the 2007–2009 recession. The … causes of the housing boom however, are a matter of considerable debate. This study attempts to settle this debate by … identifying the major contributing factors to the housing boom and quantifying which factors were primary drivers and which merely …

remained well below the levels reached after earlier recessions. The housing market has cooled, owing in part to macro …

This Selected Issues paper examines the housing market in Israel. Property prices in Israel are currently about 25 … price-to-rent ratios are well above their equilibrium value. The risk of a sharp correction in housing pricesâ …