Narrow search
Showing 1 - 10 of 105,707
Cover Image
Sentiment shock and housing prices : evidence from Korea
Pyo, Dong-Jin - In: KDI-journal of economic policy 44 (2022) 4, pp. 79-108
This study examines the impact of sentiment shock, which is defined as a stochastic innovation to the Housing Market … volatility. This paper documents empirical evidence that sentiment shock has a statistically significant relationship with Korea …'s aggregate housing price changes. Specifically, the key findings show that an increase in sentiment shock predicts a rise in the …
Persistent link: https://www.econbiz.de/10013486234
Cover Image
Tightening Financial Conditions and Implications for the Housing Market in Korea
JUNG, Whayoung - 2022
In the aftermath of the COVID-19 pandemic, housing prices have soared amid a rapid increase in household debt stemming from rising housing loans. This has raised concerns about financial imbalances in the housing market. In the meantime, as central banks of major economies normalize their...
Persistent link: https://www.econbiz.de/10013406190
Cover Image
Ratios of Changes : How Real Estate Shocks Did Not Affect Corporate Investment
Welch, Ivo - 2020
purged, and their estimated coefficients then turn negative. My paper also discusses the lack of shock identification and the …
Persistent link: https://www.econbiz.de/10012834307
Cover Image
Time-Varying Role of Macroeconomic Shocks on House Prices in the US and UK : Evidence from over 150 Years of Data
Plakandaras, Vasilios - 2018
economic events happening at the imposition of the shock and uncover characteristics missed in the time-invariant approaches of …
Persistent link: https://www.econbiz.de/10012908615
Cover Image
Within-Bank Spillovers of Real Estate Shocks
Cuñat, Vicente - 2017
By considering banks as portfolios of assets in different locations, we study how real estate shocks get amplified across bank's business areas while controlling for local demand shocks and bank location–specific factors. Affected banks substantially alter their loan portfolios: we find...
Persistent link: https://www.econbiz.de/10012973954
Cover Image
Weather Shocks, Housing Prices, and Population : the Role of Expectation Revisions
Petkov, Ivan - 2020
I document empirical regularities of flooding in the US with newly-compiled insured, uninsured, historical loss, and flood zone data at the town level for the decade after 2003. I identify instances with low damage and low risk expectations, implied by the high uninsured share, where experience...
Persistent link: https://www.econbiz.de/10012852543
Cover Image
Fiscal Shocks in a Heterogeneous Matching Model of the Housing Market
Aqeel, S. Aneeqa - 2016
This paper analyzes the impact of a tax policy shock on the macroeconomics of the housing market. I develop a … after a negative demand shock there is a composition effect on price due to an upward distortion of match surplus by a tax … the housing market after a negative demand shock. I use the model to analyze the impact of the Federal Home Buyer Tax …
Persistent link: https://www.econbiz.de/10012982578
Cover Image
Employment and the Collateral Channel of Monetary Policy
Bahaj, Saleem - 2019
This paper uses detailed firm-level data to show that monetary policy affects employment through housing collateral and corporate debt. Our research design exploits the fact that many small and medium-sized enterprises use their directors' homes as a key source of collateral for corporate loans,...
Persistent link: https://www.econbiz.de/10012862310
Cover Image
Chaney, Sraer and Thesmar (2012), The Collateral Channel : How Real Estate Shocks Affect Corporate Investment, and the American Economic Review
Welch, Ivo - 2022
Chaney, Sraer, and Thesmar (2012) suggests that “shocks to the value of real estate [collateral] can have a large impact on aggregate [corporate] investment.” My comment shows that their reported coefficient estimates are spurious. They explain variation in their normalizing denominators...
Persistent link: https://www.econbiz.de/10013405607
Cover Image
Housing and macroeconomics
Leung, Charles Ka Yui - 2022 - This version: November 2022
Until recently, the literature ignored the interactions between housing and macroeconomics. Thanks to many researchers' contributions, the macro-housing field is in development. This review complements previous research and highlights a few areas that have made significant progress lately. They...
Persistent link: https://www.econbiz.de/10013461195