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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...

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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:
Acceso en línea:Texto completo

MARC

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100 1 |a Iossifov, Plamen,  |e author. 
245 1 0 |a Interest rate elasticity of residential housing prices /  |c prepared by Plamen Iossifov, Martin Čihák, and Amar Shanghavi. 
260 |a Washington, D.C. :  |b International Monetary Fund,  |c ©2008. 
300 |a 1 online resource (32 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
500 |a At head of title: African Department. 
500 |a "October 2008." 
504 |a Includes bibliographical references (pages 15-19). 
520 |a 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. 
588 0 |a Print version record. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2011.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
583 1 |a digitized  |c 2011  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
505 0 |a I. Introduction; II. Literature Overview; III. Regression Analysis; A. Choice of Explanatory Variables; B. Panel Data Regression Analysis; Tables; 1. 3SLS Estimates of the Residential Housing Price Equation in First-Differences; C. Cross-Section Regression Analysis; 2. OLS Estimates of the Housing Price Equation Using Cross-Country Data; D. Preferred Estimate of the Interest Rate Elasticity of Housing Prices; IV. Conclusion; References; Appendices; I. Survey of Studies of Determinants of Housing Prices; II. Variables Definitions and Data Sources; Appendix Tables 
505 8 |a 1. Variables Definitions and Data SourcesAppendix Figures; 1. Real Residential Housing Price Indices, 1980-2007; 2. Scatter Plots of Residential Housing Prices on Fundamental Determinants; III. Additional Regression Output; 2. Within (Fixed Effects) Estimates of the Residential Housing Price Equation; 3. OLS and Within Estimates of Unrestricted Residential Housing Price Equation; 4. IV and GMM Panel Data Estimates of the Residential Housing Price Equation in First- Differences; 5. OLS Estimates of the Effect of Fundamentals on Residential Housing Prices in Cross- Country Data 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Interest rates  |x Econometric models. 
650 0 |a Elasticity (Economics)  |x Econometric models. 
650 0 |a Housing  |x Prices  |x Econometric models. 
650 6 |a Taux d'intérêt  |x Modèles économétriques. 
650 6 |a Élasticité (Économie politique)  |x Modèles économétriques. 
650 6 |a Logement  |x Prix  |x Modèles économétriques. 
650 7 |a Elasticity (Economics)  |x Econometric models  |2 fast 
650 7 |a Housing  |x Prices  |x Econometric models  |2 fast 
650 7 |a Interest rates  |x Econometric models  |2 fast 
650 7 |a Immobilienpreis.  |2 stw 
650 7 |a Zinselastizität.  |2 stw 
700 1 |a Čihák, Martin,  |e author. 
700 1 |a Shanghavi, Amar,  |e author. 
710 2 |a International Monetary Fund.  |b African Department. 
758 |i has work:  |a Interest rate elasticity of residential housing prices (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGM9BKyyrk9rKycQQg4VT3  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |a Iossifov, Plamen.  |t Interest rate elasticity of residential housing prices.  |d Washington, D.C. : International Monetary Fund, ©2008  |w (OCoLC)316327866 
830 0 |a IMF working paper ;  |v WP/08/247. 
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