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Wohnimmobilienpreise in Europa: Anhaltende Aufwärtstendenz mit ausgeprägten Entwicklungsunterschieden

Rußig, Volker; Scharmanski, André - In: ifo Schnelldienst 57 (2004) 11, pp. 30-36

Angesichts generell niedriger und weiter sinkender Inflationsraten sowie abermals enttäuschter Wachstumserwartungen kam im vergangenen Jahr in Europa eine Diskussion über sich abzeichnende Deflationsrisiken auf. In diesem Zusammenhang rückte auch der Wohnimmobilienbereich ins Blickfeld des...

Persistent link: https://www.econbiz.de/10011692171

What drives Ireland's housing market? A Bayesian DSGE approach

Gareis, Johannes; Mayer, Eric - 2012

In this paper we study the drivers of fluctuations in the Irish housing market by developing a dynamic stochastic general equilibrium (DSGE) model of Ireland as a member of the European Monetary Union (EMU). We estimate the model with Bayesian methods using time series for both Ireland and the...

Persistent link: https://www.econbiz.de/10010308300

A mechanism for booms and busts in housing prices

Hillebrand, Marten; Kikuchi, Tomoo - 2012

We study an exchange economy with overlapping generations of consumers who derive utility from consuming a non-durable commodity and housing. A banking sector offers loans to finance housing. We provide a complete characterization of the equilibrium dynamics which alternates between an expansive...

Persistent link: https://www.econbiz.de/10010308946

National and international business cycle effects of housing crises

Jannsen, Nils - 2009

Housing crises usually go hand in hand with a long lasting recession and a considerable loss in output. We first re-examine the effects of a housing crises on the business cycle based on historical crises. Then we estimate the international spill-over-effects if several huge industrial countries...

Persistent link: https://www.econbiz.de/10010265229

Trends and cycles in the Danish economy

Weissert, Christoffer Jessen - 2024

I present empirical results on the contribution of three key drivers of inflation in Denmark: an inflation trend … anchored by inflation expectations; the Danish business cycle; and an energy price cycle. All three drivers contribute … significantly to the development of inflation and explain most of the variation in the last 40 years. The results are based on a …

Persistent link: https://www.econbiz.de/10014563915

Eigenvalue filtering in VAR models with application to the Czech business cycle

Beneš, Jaromír; Vávra, David - 2005

model of inflation determination estimated on the Czech data.We characterize the estimated components of CPI, WPI and import …

Persistent link: https://www.econbiz.de/10011604595

IW-Wohnindex. Wohnungsmarkt 2025: Rückkehr zur Normalität verläuft schleppend (Datenstand: Q4 2024)

Sagner, Pekka; Voigtländer, Michael - 2025

Der vorliegende IW-Wohnindex untersucht die Entwicklung der Kauf- und Mietpreise für Wohnimmobilien in Deutschland. Der … Kapitel wird die Preisentwicklung für Wohnimmobilien vor dem Hintergrund ausgewählter Sonderthemen näher beleuchtet. Während …

Persistent link: https://www.econbiz.de/10015194926

House prices and rents in the 21st century

Loewenstein, Lara; Willen, Paul - 2023

We study the joint evolution of prices and rents of residential property. After constructing rent and price indices for renter- and owner-occupied properties, we decompose the change in the price of occupant-owned property into (1) changes in rent, (2) changes in the relative prices of investor-...

Persistent link: https://www.econbiz.de/10014442968

Location, location, location: Extracting location value from house prices

Kolbe, Jens; Schulz, Rainer; Wersing, Martin; Werwatz, Axel - 2012

The price for a single-family house depends both on the characteristics of the building and on its location. We propose a novel semiparametric method to extract location values from house prices. After splitting house prices into building and land components, location values are estimated with...

Persistent link: https://www.econbiz.de/10010318783

Immigration and housing booms: evidence from Spain

González Luna, Libertad; Ortega, Francesc - 2009

We estimate empirically the effect of immigration on house prices and residential construction activity in Spain over the period 1998-2008. This decade is characterized by both a spectacular housing market boom and a stunning immigration wave. We exploit the variation in immigration across...

Persistent link: https://www.econbiz.de/10010269418