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Rented vs. Owner-Occupied Housing and Monetary Policy
Rubio, Margarita - 2016
, in the model, preference parameters, fiscal incentives and institutional factors determine the rental market share and … monetary transmission mechanism. In normative terms, results show that when the relative size of the rental market is larger …
Persistent link: https://www.econbiz.de/10013003950
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Rented vs. owner-occupied housing and monetary policy
Rubio, Margarita - In: The B.E. journal of macroeconomics 19 (2019) 1, pp. 1-16
Persistent link: https://www.econbiz.de/10011978097
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Rented vs. Owner-Occupied Housing and Monetary Policy
Rubio, Margarta - Centre for Finance, Credit and Macroeconomics (CFCM), … - 2014
, in the model, preference parameters, fiscal incentives and institutional factors determine the rental market share and … monetary transmission mechanism. In normative terms, results show that when the relative size of the rental market is larger …
Persistent link: https://www.econbiz.de/10010884982
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A Monetary Analysis of the Liquidity Trap with an Application to the USA
Braz Pinto, João - 2020
Keynes emphasized a specific situation in which the liquidity preference becomes absolute, leading to monetary policy ineffectiveness when nominal interest approaches the zero-bound rate. This situation was termed a liquidity trap (LT) by Robertson and was popularized by the Hicks- Hansen...
Persistent link: https://www.econbiz.de/10012840524
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A monetary analysis of the liquidity trap with an application to the USA
Pinto, João Braz; Andrade, João de Sousa - In: Contemporary economics 13 (2019) 4, pp. 446-470
Keynes emphasized a specific situation in which the liquidity preference becomes absolute, leading to monetary policy ineffectiveness when nominal interest approaches the zero-bound rate. This situation was termed a liquidity trap (LT) by Robertson and was popularized by the Hicks- Hansen...
Persistent link: https://www.econbiz.de/10012177015
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Fiscal Policy and Macroeconomic Imbalances
Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos - Banca d'Italia - 2014
The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
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House Purchase Versus Rental in Spain
Ortega, Eva - 2011
low rental share. This may be partly attributed to the existence of fiscal distortions in Spain favoring ownership. In … ownership and renting and improving the efficiency of the rental market. We do so in the context of a DSGE model featuring a … existing subsidy to house purchases, introducing a comparable subsidy to rental payments or increasing the efficiency in the …
Persistent link: https://www.econbiz.de/10013126531
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House purchase versus rental in Spain
Ortega, Eva; Rubio, Margarita; Thomas, Carlos - Banco de España - 2011
low rental share. This may be partly attributed to the existence of fiscal distortions in Spain favoring ownership. In … ownership and renting and improving the efficiency of the rental market. We do so in the context of a DSGE model featuring a … existing subsidy to house purchases, introducing a comparable subsidy to rental payments or increasing the efficiency in the …
Persistent link: https://www.econbiz.de/10009001396
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HOUSE RENTAL VERSUS PURCHASE: THEORY AND EVIDENCE
Rubio Sánchez, Margarita - In: Revista Galega de Economía 21 (2012) 2
and the effi ciency of the rental sector. This heterogeneity can be due to several factors, such as cultural or preference …
Persistent link: https://www.econbiz.de/10010592127
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Internal and external determinants of housing price booms in Hong Kong, China
Taghizadeh-Hesary, Farhad; Yoshino, Naoyuki; Chiu, Alvin - 2019
Hong Kong, China's housing market witnessed dramatic appreciations recently, with the price index for private domestic housing units being 3 times higher than 10 years ago. This trend is supported by both internal and external factors, as illustrated in this paper. By providing a theoretical...
Persistent link: https://www.econbiz.de/10012007579