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themes including Traveller values, autonomy, self-sufficiency and choice and we explore the manner in which the housing … poor housing quality alone. This is also expressed through culturally-inappropriate service provision and the denial of … opportunities to exercise choice and control over their own housing in addition to other spillover effects which can negatively …
Persistent link: https://www.econbiz.de/10011558630
We propose a new nonparametric approach to estimate the production function for housing. Our estimation treats output … competitive house builders. For parcels of a given size, we compute housing by summing across the marginal products of non … housing across locations. We implement our methodology on newly-built single-family homes in France. We find that the …
Persistent link: https://www.econbiz.de/10011584688
Homeownership rates are very different across European countries. They range from below 50% in Germany to over 80% in Greece, Spain or Ireland. However the differences lie not only in the overall homeownership rates but also in its structure, and this is the focus of this paper. Its aim is to...
Persistent link: https://www.econbiz.de/10011600830
In this paper, we seek to quantify the importance of state-level housing price spillovers and interest rate shocks to … importance of interstate housing price spillovers. Beyond real house prices and real income per capita, each state … importance of housing price spillovers is state dependent, with shocks occurring in states with relatively lower land supply …
Persistent link: https://www.econbiz.de/10011604754
The study quantifies stock market and housing market wealth effects on households' non-durable consumption using … Italian household panel data (SHIW) of 1989-2002. We found all households react similarly to aggregate housing and stock … market gains. We also found statistically and economically significant housing wealth effects with a marginal propensity to …
Persistent link: https://www.econbiz.de/10011604903
housing market features and examine the monetary policy implications of housing-related disturbances. In particular, we derive … reinforce the existing evidence on the role of housing and mortgage markets for the US and provide new evidence on the … with the main features of optimal monetary policy response to housing-related shocks. …
Persistent link: https://www.econbiz.de/10011605018
This paper uses a factor-augmented vector autoregressive model (FAVAR) estimated on U.S. data in order to analyze monetary transmission via private sector balance sheets, credit risk spreads and asset markets in an integrated setup and to explore the role of monetary policy in the three...
Persistent link: https://www.econbiz.de/10011605224
This paper establishes a simple theoretical framework which comprises key forces that shape the structure and interrelation of cities to study the interdependencies between urban evolution and the environment. We focus on the potential of the unfettered market forces to economize on emissions. A...
Persistent link: https://www.econbiz.de/10011307317
housing markets have followed a related but different approach. On the one hand, housing markets have been modeled with …
Persistent link: https://www.econbiz.de/10011372282
housing markets have followed a related but different approach. On the one hand, housing markets have been modeled with …
Persistent link: https://www.econbiz.de/10011372369