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Heterogeneity in House Price Dynamics
Galati, Gabriele - 2013
households over the period 2003-2011. We estimate a dynamic panel data model of house price dynamics by means of the Arellano … reversion coefficient. Second, there is evidence that the housing market in the Netherlands is inefficient. Third, there is …
Persistent link: https://www.econbiz.de/10013086038
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Heterogeneity in House Price Dynamics
Galati, Gabriele - 2017
conducted over the period 2003-2016. We estimate a dynamic panel data model of house price dynamics by means of the Arellano … reversion coefficient. Second, there is evidence that the housing market in the Netherlands is inefficient. Third, there is …
Persistent link: https://www.econbiz.de/10012950285
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Wealth Shocks and MPC Heterogeneity
Christelis, Dimitris - 2019
We use the responses of a representative sample of Dutch households to survey questions that ask how much their consumption would change in response to unexpected, permanent, positive or negative shocks to their home value. The average MPC is in the 2.1-4.7% range, in line with econometric...
Persistent link: https://www.econbiz.de/10012864710
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The Effects of Housing Adjustment Costs on Consumption Dynamics
Kay, Benjamin - 2016
Building on Flavin and Nakagawa (2008), this paper models household optimal consumption and portfolio selection when consumption services are generated by both non-durable consumption and by holding a durable good housing. Housing is illiquid in that a non-convex adjustment cost must be paid...
Persistent link: https://www.econbiz.de/10013007406
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Euro area private consumption : is there a role for housing wealth effects?
Skudelny, Frauke - 2009
the period 1980-2006, and one on the individual euro area countries from1995-2006, using panel data techniques. The impact …, the panel estimation yields somewhat lower results (0.6 to 1.1 cents). The MPC out of nominal housing wealth lies between … effect of volatile house prices, we find similar effects in the times series estimation while the MPC is larger in the panel …
Persistent link: https://www.econbiz.de/10003866560
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How well do individuals predict the selling prices of their homes?
Benítez-Silva, Hugo; Eren, Selcuk; Heiland, Frank; … - 2009
live up to their financial commitments. -- Housing prices ; self-reported housing values ; panel data ; instrumental …
Persistent link: https://www.econbiz.de/10003942953
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What Drives Urban Consumption in Mainland China? The Role of Property Price Dynamics
Chen, Yu-Fu - 2011
prices by using a quarterly city-level panel dataset for the period 1998Q1 – 2009Q4 and rely on a panel error correction …
Persistent link: https://www.econbiz.de/10013123506
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What Drives Urban Consumption in Mainland China? The Role of Property Price Dynamics
Chen, Yu-Fu - 2011
prices by using a quarterly city-level panel dataset for the period 1998Q1-2009Q4 and rely on a panel error correction model …
Persistent link: https://www.econbiz.de/10013123545
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Euro Area Private Consumption : Is There a Role for Housing Wealth Effects?
Skudelny, Frauke - 2009
the period 1980-2006, and one on the individual euro area countries from1995-2006, using panel data techniques. The impact …, the panel estimation yields somewhat lower results (0.6 to 1.1 cents). The MPC out of nominal housing wealth lies between … effect of volatile house prices, we find similar effects in the times series estimation while the MPC is larger in the panel …
Persistent link: https://www.econbiz.de/10013159721
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What Drives Urban Consumption in Mainland China? : The Role of Property Price Dynamics
Chen, Yu-Fu - 2017
prices by using a quarterly city-level panel dataset for the pe-riod 1998Q1 2009Q4 and rely on a panel error correction model … predictions from the theo-retical model. Keywords: Consumption, house prices, China, panel data JEL-Classification: E21, R31, C23 …
Persistent link: https://www.econbiz.de/10012948699