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Government-made house price bubbles? : austerity, homeownership, rental, and credit liberalization policies and the "irrational exuberance" on housing markets
Cholodilin, Konstantin Arkadʹevič; Kohl, Sebastian; … - 2023
Housing bubbles and crashes are catastrophic events for economies, implying enormous destruction of housing wealth, financial default risks, construction unemployment, and business cycle downturns. This paper investigates whether governmental housing policies can affect economies’ propensity...
Persistent link: https://www.econbiz.de/10014438445
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Macroeconomic effects of oil price shocks on an emerging market economy
Souza, Rodrigo da Silva; Mattos, Leonardo Bornacki de - In: Economic change & restructuring 56 (2023) 2, pp. 803-824
Persistent link: https://www.econbiz.de/10014252317
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The propagation of regional shocks in housing markets : evidence from oil price shocks in Canada
Kilian, Lutz; Zhou, Xiaoqing - 2019 - This version: September 4, 2019
Shocks to the demand for housing that originate in one region may seem important only for that regional housing market. We provide evidence that such shocks can also affect housing markets in other regions. Our analysis focuses on the response of Canadian housing markets to oil price shocks. Oil...
Persistent link: https://www.econbiz.de/10012227501
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The propagation of regional shocks in housing markets : evidence from oil price shocks in Canada
Kilian, Lutz; Zhou, Xiaoqing - 2018
Shocks to the demand for housing that originate in one region may seem important only for that regional housing market. We provide evidence that such shocks can also affect housing markets in other regions. Our analysis focuses on the response of Canadian housing markets to oil price shocks. We...
Persistent link: https://www.econbiz.de/10011840759
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The propagation of regional shocks in housing markets : evidence from oil price shocks in Canada
Kilian, Lutz; Zhou, Xiaoqing - 2018 - This version: October 22, 2018
Shocks to the demand for housing that originate in one region may seem important only for that regional housing market. We provide evidence that such shocks can also affect housing markets in other regions. Our analysis focuses on the response of Canadian housing markets to oil price shocks. Oil...
Persistent link: https://www.econbiz.de/10011918945
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How does stock market volatility react to oil shocks?
Bastianin, Andrea; Manera, Matteo - 2014
We study the impact of oil price shocks on US stock market volatility. We derive three different structural oil shock … structural VAR models, one for each oil price shock. Identification is achieved by assuming that the price of crude oil reacts to …
Persistent link: https://www.econbiz.de/10010476423
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Are the responses of the U.S. economy asymmetric in energy price increases and decreases?
Kilian, Lutz; Vigfusson, Robert J. - In: Quantitative economics : QE ; journal of the … 2 (2011) 3, pp. 419-453
How much does real gross domestic product (GDP) respond to unanticipated changes in the real price of oil? Commonly used censored oil price vector autore- gressive models suggest a substantial decline in real GDP in response to unex- pected increases in the real price of oil, yet no response to...
Persistent link: https://www.econbiz.de/10011756396
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Drilling Down : The Impact of Oil Price Shocks on Housing Prices
Grossman, Valerie - 2019
. Still, among less oil-dependent urban areas, the house price response to a one standard deviation oil price shock is … economically significant and comparable in magnitude to the response to a one standard deviation income shock. 2) Omitting oil …
Persistent link: https://www.econbiz.de/10012860477
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Drilling Down : The Impact of Oil Price Shocks on Housing Prices
Grossman, Valerie - 2020
. Still, among less oil-dependent urban areas, the house price response to a one standard deviation oil price shock is … economically significant and comparable in magnitude to the response to a one standard deviation income shock. 2) Omitting oil …
Persistent link: https://www.econbiz.de/10012847068
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Country-specific oil supply shocks and the global economy : a counterfactual analysis
Mohaddes, Kamiar; Pesaran, M. Hashem - 2015
the shock. In particular, we find that adverse shocks to Iranian oil output are neutralized in terms of their effects on … contrast, a negative shock to oil supply in Saudi Arabia leads to an immediate and permanent increase in oil prices, given that … supply shock has significant adverse effects for the global economy with real GDP falling in both advanced and emerging …
Persistent link: https://www.econbiz.de/10010528313