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Housing-consumption channel of mortgage demand

Ahlfeldt, Gabriel M.; Szumilo, Nikodem; Tripathy, Jagdish - 2024

We quantify the housing-consumption channel in mortgage demand according to which households borrow more following house-price increases since housing and non-housing consumption are imperfect substitutes. To identify this channel, we take a structural approach to mortgage demand and supply,...

Persistent link: https://www.econbiz.de/10014633602

Language proficiency and homeownership : evidence from U.S. immigrants

Luik, Marc-André; Steinhardt, Max Friedrich; Voss, Simon - 2023

and homeownership. Using an instrumental variable strategy, we find a substantial positive impact of language skills on …

Persistent link: https://www.econbiz.de/10014235116

Affordability, financial innovation and the start of the housing boom

Dokko, Jane K.; Keys, Benjamin J.; Relihan, Lindsay E. - 2019

Persistent link: https://www.econbiz.de/10011986443

Homeownership rates, housing policies, and co-residence decisions

Grevenbrock, Nils; Ludwig, Alexander; Siassi, Nawid - 2023

Homeownership rates differ widely across European countries. We document that part of this variation is driven by … homeownership rates per household, homeownership rates per individual are very similar during the first part of the life cycle. To …

Persistent link: https://www.econbiz.de/10014339552

The German housing market cycle : answers to FAQs

Kajuth, Florian - 2020

This paper analyses the behaviour of prices and supply on the German housing market taking into account the interaction between prices and quantities. A novel price index for residential property prices covering the whole country going back to 1993 is used in a macroeconomic model to estimate...

Persistent link: https://www.econbiz.de/10012197884

Cross-country differences in homeownership : a cultural phenomenon?

Huber, Stefanie J.; Schmidt, Tobias - 2019

Cross-country differences in homeownership rates are large and persistent over time, with homeownership rates ranging … from 40% in Switzerland to 80% in Spain. This paper investigates whether culture is a driving factor of the homeownership … decision, and could thus explain part of the cross-country differences in homeownership rates. To isolate the effect of …

Persistent link: https://www.econbiz.de/10012116283

Housing demand and tenure choice in Brazilian urban areas

Morais, Maria da Piedade; Cruz, Bruno de Oliveira - 2017

This paper analyzes the main determinants of tenure choice in Brazil in formal and informal housing markets. Logit and Multinomial Logit models with several specifications are used to test the household's tenure choice behavior taking demographic, social, economic and locational factors as...

Persistent link: https://www.econbiz.de/10012061001

Do exposures to sagging real estate, subprime or conduits abroad lead to contraction and flight to quality in bank lending at home?

Ongena, Steven; Tümer-Alkan, Günseli; Westernhagen, … - 2015

We investigate how differential exposures by German banks to the US real estate market during the recent financial crisis affect their corporate lending in Germany. Using unique bank-level exposure data, we distinguish between three different types of bank exposures, i.e. direct exposure to the...

Persistent link: https://www.econbiz.de/10011280084

The impact of borrower-based instruments on household vulnerability in Germany

Barasinska, Nataliya; Ludwig, Johannes; Vogel, Edgar - 2021 - This version: June 22, 2021

Excessive household borrowing has been identified as an important determinant of financial crises. Borrower-based macroprudential instruments have been proposed as a possible remedy. In Germany, two instruments have been available to macroprudential supervisors since 2017: a cap on the...

Persistent link: https://www.econbiz.de/10012589225

Repo funding and internal capital markets in the financial crisis

Kerl, Cornelia - 2013

This paper examines how the exposure of German parent banks to the disruptions on sale and repurchase markets (repo markets) during the financial crisis has affected their provision of funds to their foreign branches and subsidiaries via bank-internal capital markets. The collapse of the...

Persistent link: https://www.econbiz.de/10009740115