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Is there a bubble in the Chinese housing market?
Dreger, Christian; Zhang, Yanqun - 2010
For many analysts, the Chinese economy is spurred by a bubble in the housing market, probably driven by the fiscal stimulus package and massive credit expansion, with possible adverse effects to the real economy. To get insights into the size of the bubble, the house price evolution is...
Persistent link: https://www.econbiz.de/10010303779
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The Effect of Consumers' Expectations in a Booming Housing Market
Rouwendal, Jan; Longhi, Simonetta - 2007
‘bubbles’ the spatial pattern of house prices, which can mainly be attributed to accessibility differences, usually remains …
Persistent link: https://www.econbiz.de/10010325383
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Property Prices and Real Estate Financing in a Turbulent World
Balling, Morten; Bentzen, Christian Sinding; Berg, Jesper; … - 2013
On 15th November 2012 in Copenhagen, SUERF and Nykredit in association with Danmarks Nationalbank organised a conference on “Property prices and real estate financing in a turbulent world.” The papers included in this SUERF Study are based on contributions to the conference.
Persistent link: https://www.econbiz.de/10011689960
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Assessing high house prices: Bubbles, fundamentals, and misperceptions
Himmelberg, Charles; Mayer, Christopher; Sinai, Todd - 2005
We construct measures of the annual cost of single-family housing for 46 metropolitan areas in the United States over the last 25 years and compare them with local rents and incomes as a way of judging the level of housing prices. Conventional metrics like the growth rate of house prices, the...
Persistent link: https://www.econbiz.de/10010283465
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Prices and Constant Quality Price Indexes for Multi-Dwelling and Commercial Buildings in Sweden
Berg, Lennart - 2001
The purpose of this paper is to estimate constant quality price trends and analysing factors determining market prices for MDCBs (multi-dwelling and commercial buildings) in Sweden. We use high quality data for housing and municipality attributes and our database consists of almost 8500...
Persistent link: https://www.econbiz.de/10010321787
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What drives returns to euro area housing? Evidence from a dynamic dividend-discount model
Hiebert, Paul; Sydow, Matthias - 2009
involves the estimation of a panel vector autoregressive model (VAR) for four variables –excess return to housing, rents, the …
Persistent link: https://www.econbiz.de/10011605065
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An analysis to detect exuberance and implosion in regional house prices in Turkey
Ceritoglu, Evren; Cilasun, Seyit Mumin; Demiroglu, Ufuk; … - In: Central Bank Review (CBR) 19 (2019) 2, pp. 67-82
The aim of this paper is to find out whether there is exuberance in regional house prices in Turkey. For this purpose, we analyze real hedonic house prices and price to rent ratios countrywide as well as for 26 geographic regions at the NUTS2 level from January 2010 to January 2019. We perform...
Persistent link: https://www.econbiz.de/10012217582
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Rational bubbles and fractional integration
Kruse, Robinson - 2008
In this article we provide evidence for a rational bubble in S\&P 500 stock prices by applying a test for changing persistence under fractional integration proposed by Sibbertsen and Kruse (2007). We find strong evidence for stationary long memory before the estimated change point in 1955 and a...
Persistent link: https://www.econbiz.de/10010265683
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Another Look at Cryptocurrency Bubbles
Gronwald, Marc - 2019
This paper deals with cryptocurrency bubbles. First, it points out that a number of recent papers on cryptocurrency … bubbles are awed due to an insufficient consideration of the fundamental value of cryptocurrencies. As even fiat money is said … to exhibit features of bubbles, the same applies to cryptocurrencies. Thus, any empirical investigation into either the …
Persistent link: https://www.econbiz.de/10012052849
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Agrarrohstoffpreise und Lebensmittelpreise in armen Ländern
Holtemöller, Oliver - In: Wirtschaft im Wandel 22 (2016) 1, pp. 5-8
In der Politik und in den Medien wird darüber diskutiert, ob spekulativer Handel mit Agrarrohstoffen den Hunger in der Welt vermehrt. In diesem Aufsatz wird untersucht, in welchem Umfang sich Schwankungen von Agrarrohstoffpreisen auf nationale Verbraucherpreise für Lebensmittel in Indien als...
Persistent link: https://www.econbiz.de/10011502208