Share

Fundamental Drivers of House Prices in Advanced Economies

2018-07-13 Business & Economics
Download Fundamental Drivers of House Prices in Advanced Economies PDF Online Free

Author :
Release : 2018-07-13
Genre : Business & Economics
Kind : eBook
Book Rating : 626/5 ( reviews)

GET EBOOK


Book Synopsis Fundamental Drivers of House Prices in Advanced Economies by : Ms.Nan Geng

Download or read book Fundamental Drivers of House Prices in Advanced Economies written by Ms.Nan Geng. This book was released on 2018-07-13. Available in PDF, EPUB and Kindle. Book excerpt: House prices in many advanced economies have risen substantially in recent decades. But experience indicates that housing prices can diverge from their long-run equilibrium or sustainable levels, potentially followed by adjustments that impact macroeconomic and financial stability. Therefore there is a need to monitor house prices and assess whether they are sustainable. This paper focuses on fundamentals expected to drive long run trends in house prices, including institutional and structural factors. The scale of potential valuation gaps is gauged on the basis of a cross-country panel analysis of house prices in 20 OECD countries.

Fundamental Drivers of House Prices in Advanced Economies

2018-07-18 Business & Economics
Download Fundamental Drivers of House Prices in Advanced Economies PDF Online Free

Author :
Release : 2018-07-18
Genre : Business & Economics
Kind : eBook
Book Rating : 122/5 ( reviews)

GET EBOOK


Book Synopsis Fundamental Drivers of House Prices in Advanced Economies by : Ms.Nan Geng

Download or read book Fundamental Drivers of House Prices in Advanced Economies written by Ms.Nan Geng. This book was released on 2018-07-18. Available in PDF, EPUB and Kindle. Book excerpt: House prices in many advanced economies have risen substantially in recent decades. But experience indicates that housing prices can diverge from their long-run equilibrium or sustainable levels, potentially followed by adjustments that impact macroeconomic and financial stability. Therefore there is a need to monitor house prices and assess whether they are sustainable. This paper focuses on fundamentals expected to drive long run trends in house prices, including institutional and structural factors. The scale of potential valuation gaps is gauged on the basis of a cross-country panel analysis of house prices in 20 OECD countries.

Global House Price Fluctuations

2013-02-06 Business & Economics
Download Global House Price Fluctuations PDF Online Free

Author :
Release : 2013-02-06
Genre : Business & Economics
Kind : eBook
Book Rating : 608/5 ( reviews)

GET EBOOK


Book Synopsis Global House Price Fluctuations by : Mr.Hideaki Hirata

Download or read book Global House Price Fluctuations written by Mr.Hideaki Hirata. This book was released on 2013-02-06. Available in PDF, EPUB and Kindle. Book excerpt: We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these countries? Second, what are the main shocks driving movements in global house prices? To address these questions, we first estimate the global components in house prices and various macroeconomic and financial variables. We then evaluate the roles played by a variety of global shocks, including shocks to interest rates, monetary policy, productivity, credit, and uncertainty, in explaining house price fluctuations using a wide range of FAVAR models. We find that house prices are synchronized across countries, and the degree of synchronization has increased over time. Global interest rate shocks tend to have a significant negative effect on global house prices whereas global monetary policy shocks per se do not appear to have a sizeable impact. Interestingly, uncertainty shocks seem to be important in explaining fluctuations in global house prices.

Global House Price Fluctuations

2012 Economics
Download Global House Price Fluctuations PDF Online Free

Author :
Release : 2012
Genre : Economics
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Global House Price Fluctuations by : Hideaki Hirata

Download or read book Global House Price Fluctuations written by Hideaki Hirata. This book was released on 2012. Available in PDF, EPUB and Kindle. Book excerpt: We examine the properties of house price fluctuations across eighteen advanced economies over the past forty years. We ask two specific questions: First, how synchronized are housing cycles across these countries? Second, what are the main shocks driving movements in global house prices? To address these questions, we first estimate the global components in house prices and various macroeconomic and financial variables. We then evaluate the roles played by a variety of global shocks, including shocks to interest rates, monetary policy, productivity, credit, and uncertainty, in explaining house price fluctuations using a wide range of FAVAR models. We find that house prices are synchronized across countries, and the degree of synchronization has increased over time. Global interest rate shocks tend to have a significant negative effect on global house prices whereas global monetary policy shocks per se do not appear to have a sizeable impact. Interestingly, uncertainty shocks seem to be important in explaining fluctuations in global house prices -- National Bureau of Economic Research web site.

Three Cycles

2009-10-01 Business & Economics
Download Three Cycles PDF Online Free

Author :
Release : 2009-10-01
Genre : Business & Economics
Kind : eBook
Book Rating : 786/5 ( reviews)

GET EBOOK


Book Synopsis Three Cycles by : Alain N. Kabundi

Download or read book Three Cycles written by Alain N. Kabundi. This book was released on 2009-10-01. Available in PDF, EPUB and Kindle. Book excerpt: We examine the characteristics and comovement of cycles in house prices, credit, real activity and interest rates in advanced economies during the past 25 years, using a dynamic generalized factor model. House price cycles generally lead credit and business cycles over the long term, while in the short to medium term the relationship varies across countries. Interest rates tend to lag other cycles at all time horizons. While global factors are important, the U.S. business cycle, house price cycle and interest rate cycle generally lead the respective cycles in other countries over all time horizons, while the U.S. credit cycle leads mainly over the long term.

You may also like...