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Testing for Bubbles in Housing Markets : A Panel Data Approach

Mikhed, Vyacheslav; Zemčik, Petr - 2008

We employ recently developed cross-sectionally robust panel data tests for unit roots and cointegration to find whether house prices reflect house-related earnings. We use U.S. data for Metropolitan Statistical Areas, with house price measured by the weighted-repeated-sales index, and cash flows...

Persistent link: https://www.econbiz.de/10014219293

A framework to monitor the effects of external shocks on housing markets

Hahn, Anja M.; Omerovic, Sanela; Waltl, Sofie - 2025

Persistent link: https://www.econbiz.de/10015195212

Zoning on the Urban Fringe : Results from a New Approach to Modeling Land and Housing Markets

McConnell, Virginia - 2012

This paper uses an economic agent-based model of land use in a hypothetical urban fringe community to examine the effects of large-lot zoning on land conversion, land prices, and the spatial configuration and density of new development. The model incorporates the actions of heterogeneous housing...

Persistent link: https://www.econbiz.de/10013105686

Monetary policy and real estate price distortions : how bank lending amplifies housing market imbalances

Baye, Vera; Dinger, Valeriya - 2025

We empirically document deviations of residential real estate prices from fundamental values at the micro level and investigate their relationship with local bank lending growth during a period of unconventional monetary policy. Our findings indicate a positive relationship between credit growth...

Persistent link: https://www.econbiz.de/10015397364

Time-varying impacts of monetary policies on state-level housing markets : evidence from the Covid-19 period

Huang, MeiChi - In: The quarterly review of economics and finance 100 (2025), pp. 1-15

Persistent link: https://www.econbiz.de/10015405507

The effects of Maria migrants on the financial health of the residents of Central Florida

Braga, Breno; Elliott, Diana - 2023

The influx of climate migrants could challenge many communities in the coming decades. In this study, we estimate the … one hand, migrants can compete for jobs or crowd out access to governmental safety net programs, contributing to declines … in the financial health of residents of the hosting communities. On the other hand, migrants might fill labor market …

Persistent link: https://www.econbiz.de/10014390531

Chapter 59. Measurement Error in Survey Data

Bound, John; Brown, Charles; Mathiowetz, Nancy - In: Handbook of econometrics : volume 5, (pp. 3705-3843). 2001

Economists have devoted increasing attention to the magnitude and consequences of measurement error in their data. Most discussions of measurement error are based on the “classical” assumption that errors in measuring a particular variable are uncorrelated with the true value of that...

Persistent link: https://www.econbiz.de/10014024981

Chapter 7. Endogeneity in Empirical Corporate Finance 1

Roberts, Michael R.; Whited, Toni M. - 2013

This chapter discusses how applied researchers in corporate finance can address endogeneity concerns. We begin by reviewing the sources of endogeneity—omitted variables, simultaneity, and measurement error—and their implications for inference. We then discuss in detail a number of...

Persistent link: https://www.econbiz.de/10014025557

Does education have an impact on patience and risk willingness?

Tawiah, Beatrice Baaba - In: Applied economics 54 (2022) 58, pp. 6687-6702

Persistent link: https://www.econbiz.de/10013494237

The econometrics of nonlinear budget sets

Blomquist, Nils Sören; Hausman, Jerry A.; Newey, Whitney K. - In: Annual review of economics 15 (2023), pp. 287-306

Persistent link: https://www.econbiz.de/10014428725