Affuso, Ermanno; Istiak, Khandokar; Swofford, James L. - In: Journal of risk and financial management : JRFM 15 (2022) 9, pp. 1-17
This study differentiates between housing wealth and financial wealth and investigates whether changes in house prices … house prices and interest rates have a significant positive effect on changes in the fertility rate. The causality test … finds that unidirectional causality exists between house prices and interest rates and fertility. The results indicate that …