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This paper is written in the style of a report from the future (the year 2035), or more precisely, from a possible future, in which Britain has successfully solved its housing crisis. Looking 'back', it tells the story of how this happened, and what the consequences were. It starts with a...
Persistent link: https://www.econbiz.de/10015334121
The causes of the Great Recession lie in misguided government policy, not in the underlying workings of the market.Executive Summary:For many, the Great Recession and the boom that preceded it are evidence of the failure of the supposed deregulation of financial markets in the last decade and...
Persistent link: https://www.econbiz.de/10015334117
inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random … during both the inflation and deflation periods, and the parameter on the second moment changes sign in the deflation period …
Persistent link: https://www.econbiz.de/10011390613
It is systemic to expound how that the speculative behaviors are driven by the number of a series housing policies promulgated by China's government for the real estate market. The market is resulted in full of speculative behaviors, and has been booming since the beginning of this decade, even...
Persistent link: https://www.econbiz.de/10010286822
In response to the energy crisis, which led to high inflation, Romania, like other EU Member States, introduced a …
Persistent link: https://www.econbiz.de/10015199457
into a ‘real part’ due to the changes in quantities and an inflation due to the changes of prices. Examples are: real …
Persistent link: https://www.econbiz.de/10010427498
We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price …
Persistent link: https://www.econbiz.de/10011604698
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
This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the transmission of monetary policy. We use a panel VAR model which is estimated over the period 1995-2006 to generate impulse responses of key macroeconomic variables to a monetary...
Persistent link: https://www.econbiz.de/10010271967
This paper examines the distribution of Belgian consumer prices and its interaction with aggregate inflation over the … aggregate inflation, irrespective of the average inflation rate. The dispersion of relative prices has also a positive impact on … aggregate inflation in the short run and this impact is significantly lower in the sub-sample starting in 1988 than in the pre …
Persistent link: https://www.econbiz.de/10011506542