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Global Housing Cycles

2012-08-01 Business & Economics
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Release : 2012-08-01
Genre : Business & Economics
Kind : eBook
Book Rating : 671/5 ( reviews)

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Book Synopsis Global Housing Cycles by : Ms.Deniz Igan

Download or read book Global Housing Cycles written by Ms.Deniz Igan. This book was released on 2012-08-01. Available in PDF, EPUB and Kindle. Book excerpt: Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements. Empirical analysis shows that house price dynamics are mostly driven by income and demographics but fluctuations in these fundamentals and credit conditions can create deviations from the implied equilibrium path. We conclude with a discussion of the macroeconomic implications of house price corrections.

Global Housing Cycles

2015
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Release : 2015
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Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Global Housing Cycles by : Deniz Igan

Download or read book Global Housing Cycles written by Deniz Igan. This book was released on 2015. Available in PDF, EPUB and Kindle. Book excerpt: Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements. Empirical analysis shows that house price dynamics are mostly driven by income and demographics but fluctuations in these fundamentals and credit conditions can create deviations from the implied equilibrium path. We conclude with a discussion of the macroeconomic implications of house price corrections.

Three Cycles

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

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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.

How Long Do Housing Cycles Last? a Duration Analysis for 19 OECD Countries

2011-10-01 Business & Economics
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Release : 2011-10-01
Genre : Business & Economics
Kind : eBook
Book Rating : 314/5 ( reviews)

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Book Synopsis How Long Do Housing Cycles Last? a Duration Analysis for 19 OECD Countries by : Mr.Philippe Bracke

Download or read book How Long Do Housing Cycles Last? a Duration Analysis for 19 OECD Countries written by Mr.Philippe Bracke. This book was released on 2011-10-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the duration of house price upturns and downturns in the last 40 years for 19 OECD countries. I provide two sets of results, one pertaining to the average length and the other to the length distribution. On average, upturns are longer than downturns, but the difference disappears once the last house price boom is excluded. In terms of length distribution, upturns (but not downturns) are more likely to end as their duration increases. This duration dependence is consistent with a boom-bust view of house price dynamics, where booms represent departures from fundamentals that are increasingly difficult to sustain.

The Global Financial Crisis and Housing

2014-02-28 Business & Economics
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Release : 2014-02-28
Genre : Business & Economics
Kind : eBook
Book Rating : 88X/5 ( reviews)

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Book Synopsis The Global Financial Crisis and Housing by : Susan Wachter

Download or read book The Global Financial Crisis and Housing written by Susan Wachter. This book was released on 2014-02-28. Available in PDF, EPUB and Kindle. Book excerpt: This innovative book analyses the role played by real estate markets in global financial stability and examines the fragile link between the two. Through what transmission channels do housing market cycles influence broader economic systems? How

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