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We analyze the credit channel effects on new residential property prices in Medellín, Colombia, using a simultaneous equations model. Our empirical results show that the main determinants of new residential properties prices are mortgage interest rates and the availability of government...
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structural vector autoregression (SVAR) methodology. The main results are: a positive fiscal expenditure shock has a negative …
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En este trabajo se presenta un modelo SVAR, donde se imponen restricciones de largo plazo para identificar choques de …
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