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:
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
Tabla de Contenidos:
  • 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
  • 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

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