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various models of house prices in a quasi-real time setting. Focusing on Italy, we consider two structural models (using … perform better than a simple autoregressive benchmark; however, the relative forecast accuracy depends on the forecast horizon …
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We investigate the determinants of Italian house prices and residential investments in a structural model with possible disequilibria in the market for lending to both households and firms in the building sector. Based on a structural approach that takes into account the multi-fold relationships...
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We estimate a fully-fledged structural system for the housing market in Italy, taking into account the multi-fold link … developments in Italy have been broadly in line with the fundamentals; during the recent financial crisis, the worsening in credit …
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This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the transmission of monetary policy. We use a panel VAR model which is estimated over the period 19952006 to generate impulse responses of key macroeconomic variables to a monetary policy...
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