Gatt, William; Ruisi, Germano - 2020
In this paper we propose a SVAR identification strategy to disentangle two housing demand shocks and their ensuing … household behaviour. A mix of zero and sign restrictions allows us to disentangle domestic and foreign housing demand shocks … Maltese data over the period 2000Q1-2019Q4 we find that both housing demand shocks generate an increase in consumption, in …