Interest rate elasticity of residential housing prices /

We examine the interest rate elasticity of housing prices, advancingthe empirical literature in two directions. First, we take a commonly used cross-country panel dataset and evaluate the housing price equation using a consistent estimator in the presence of endogenous explanatory variables and a la...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Iossifov, Plamen (Autor), Čihák, Martin (Autor), Shanghavi, Amar (Autor)
Autor Corporativo: International Monetary Fund. African Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, ©2008.
Colección:IMF working paper ; WP/08/247.
Temas:
Interest rates > Econometric models.
Elasticity (Economics) > Econometric models.
Housing > Prices > Econometric models.
Taux d'intérêt > Modèles économétriques.
Élasticité (Économie politique) > Modèles économétriques.
Logement > Prix > Modèles économétriques.
Elasticity (Economics) > Econometric models
Housing > Prices > Econometric models
Interest rates > Econometric models
Immobilienpreis.
Zinselastizität.
Acceso en línea:Texto completo
Descripción
Sumario:We examine the interest rate elasticity of housing prices, advancingthe empirical literature in two directions. First, we take a commonly used cross-country panel dataset and evaluate the housing price equation using a consistent estimator in the presence of endogenous explanatory variables and a lagged dependent variable. Second, we carry-out a novel analysis of determinants of residential housing prices in a cross-section of countries. Our results show that the short-term interest rate, and hence monetary policy, has a sizable impact on residential housing prices.
Notas:At head of title: African Department.
"October 2008."
Descripción Física:1 online resource (32 pages) : illustrations
Bibliografía:Includes bibliographical references (pages 15-19).
ISBN:1451915586
9781451915587

Ejemplares similares