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We estimate changes in the value and price of residential land for 379 German counties ("Landkreise") from 2014 to 2017 using a total of 42,685 observations. We use the two-step residual method that decomposes the value of a home into the value of the structure and land value. Despite the short...
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We estimate spatial German land price effects using the county-level residential land prices from 2014 to 2018. We show that county-level spatial agglomeration effects play a large and significant role in explaining the cross-county variations in land prices. For example, a 1 % increase in the...
Persistent link: https://www.econbiz.de/10012533157
This paper presents a framework for estimating losses in the residential real estate mortgage portfolios of German banks. We develop an EL model where LGD estimates are based on current collateral values and PD dynamics are estimated using a structural PVAR approach. We confirm empirically that...
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"This paper studies the effect of unemployment benefits on the unemployment and subsequent employment duration using … a two-state mixed proportional hazard model allowing for flexible duration dependence and state specific unobserved … unemployment and subsequent employment duration for the recipients is statistically significant for the short-term unemployed in …
Persistent link: https://www.econbiz.de/10002072155