Fundamental Drivers of House Prices in Advanced Economies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484367626
Total Pages : 24 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Fundamental Drivers of House Prices in Advanced Economies by : Ms.Nan Geng

Download or read book Fundamental Drivers of House Prices in Advanced Economies written by Ms.Nan Geng and published by International Monetary Fund. This book was released on 2018-07-13 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: House prices in many advanced economies have risen substantially in recent decades. But experience indicates that housing prices can diverge from their long-run equilibrium or sustainable levels, potentially followed by adjustments that impact macroeconomic and financial stability. Therefore there is a need to monitor house prices and assess whether they are sustainable. This paper focuses on fundamentals expected to drive long run trends in house prices, including institutional and structural factors. The scale of potential valuation gaps is gauged on the basis of a cross-country panel analysis of house prices in 20 OECD countries.

International Encyclopedia of Housing and Home

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Author :
Publisher : Elsevier
ISBN 13 : 0080471714
Total Pages : 3870 pages
Book Rating : 4.0/5 (84 download)

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Book Synopsis International Encyclopedia of Housing and Home by :

Download or read book International Encyclopedia of Housing and Home written by and published by Elsevier. This book was released on 2012-10-09 with total page 3870 pages. Available in PDF, EPUB and Kindle. Book excerpt: Available online via SciVerse ScienceDirect, or in print for a limited time only, The International Encyclopedia of Housing and Home, Seven Volume Set is the first international reference work for housing scholars and professionals, that uses studies in economics and finance, psychology, social policy, sociology, anthropology, geography, architecture, law, and other disciplines to create an international portrait of housing in all its facets: from meanings of home at the microscale, to impacts on macro-economy. This comprehensive work is edited by distinguished housing expert Susan J. Smith, together with Marja Elsinga, Ong Seow Eng, Lorna Fox O'Mahony and Susan Wachter, and a multi-disciplinary editorial team of 20 world-class scholars in all. Working at the cutting edge of their subject, liaising with an expert editorial advisory board, and engaging with policy-makers and professionals, the editors have worked for almost five years to secure the quality, reach, relevance and coherence of this work. A broad and inclusive table of contents signals (or tesitifes to) detailed investigation of historical and theoretical material as well as in-depth analysis of current issues. This seven-volume set contains over 500 entries, listed alphabetically, but grouped into seven thematic sections including methods and approaches; economics and finance; environments; home and homelessness; institutions; policy; and welfare and well-being. Housing professionals, both academics and practitioners, will find The International Encyclopedia of Housing and Home useful for teaching, discovery, and research needs. International in scope, engaging with trends in every world region The editorial board and contributors are drawn from a wide constituency, collating expertise from academics, policy makers, professionals and practitioners, and from every key center for housing research Every entry stands alone on its merits and is accessed alphabetically, yet each is fully cross-referenced, and attached to one of seven thematic categories whose ‘wholes' far exceed the sum of their parts

Essays in Honor of M. Hashem Pesaran

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Author :
Publisher : Emerald Group Publishing
ISBN 13 : 1802620672
Total Pages : 320 pages
Book Rating : 4.8/5 (26 download)

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Book Synopsis Essays in Honor of M. Hashem Pesaran by : Alexander Chudik

Download or read book Essays in Honor of M. Hashem Pesaran written by Alexander Chudik and published by Emerald Group Publishing. This book was released on 2022-01-18 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The collection of chapters in Volume 43 Part B of Advances in Econometrics serves as a tribute to one of the most innovative, influential, and productive econometricians of his generation, Professor M. Hashem Pesaran.

Understanding the Macro-Financial Effects of Household Debt: A Global Perspective

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Author :
Publisher : International Monetary Fund
ISBN 13 : 148435186X
Total Pages : 49 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Understanding the Macro-Financial Effects of Household Debt: A Global Perspective by : Adrian Alter

Download or read book Understanding the Macro-Financial Effects of Household Debt: A Global Perspective written by Adrian Alter and published by International Monetary Fund. This book was released on 2018-04-06 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: We confirm the negative relationship between household debt and future GDP growth documented in Mian, Sufi, and Verner (2017) for a wider set of countries over the period 1950–2016. Three mutually reinforcing mechanisms help explain this relationship. First, debt overhang impairs household consumption when negative shocks hit. Second, increases in household debt heighten the probability of future banking crises, which significantly disrupts financial intermediation. Third, crash risk may be systematically neglected due to investors’ overoptimistic expectations associated with household debt booms. In addition, several institutional factors such as flexible exchange rates, higher financial development and inclusion are found to mitigate this impact. Finally, the tradeoff between financial inclusion and stability nuances downside risks to growth.

IMF Staff Papers, Volume 54, No. 3

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Publisher : International Monetary Fund
ISBN 13 : 1589066510
Total Pages : 212 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis IMF Staff Papers, Volume 54, No. 3 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 54, No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2007-05-30 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue features a timely paper by Vladimir Klyuev and Paul Mills on the role of personal wealth and home equity withdrawal in the decline in the U.S. saving rate. Lusine Lusinyan and Leo Bonato explain how work absence in 18 European countries affects labor supply and demand. And a paper by Paolo Manasse (University of Bologna) entitled "Deficit Limits and Fiscal Rules for Dummies" examines fiscal frameworks.

Brookings Papers on Economic Activity: Spring 2012

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Publisher : Brookings Institution Press
ISBN 13 : 0815724322
Total Pages : 423 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Brookings Papers on Economic Activity: Spring 2012 by : Herman Royer Professor of Political Economy David H Romer

Download or read book Brookings Papers on Economic Activity: Spring 2012 written by Herman Royer Professor of Political Economy David H Romer and published by Brookings Institution Press. This book was released on 2012-08-31 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Brookings Papers on Economic Activity" (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents - Democratic Change in the Arab World, Past and Present Eric Chaney (Harvard University) - Disentangling the Channels of the 2007-2009 Recession James Stock (Harvard University) and Mark Watson (Princeton University) - Macroeconomic Effects of FOMC Forward Guidance Jeffrey Campbell, Charles Evans, Jonas Fisher, and Alejandro Justiniano (Federal Reserve Bank of Chicago) - Is the Debt Overhang Holding Back Consumption? Karen Dynan (Brookings Institution) - The Euro's Three Crises Jay Shambaugh (Georgetown University) - Fiscal Policy in a Depressed Economy J. Bradford DeLong (University of California-Berkeley) and Lawrence Summers (Harvard University )

The Pricing-Out Phenomenon in the U.S. Housing Market

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis The Pricing-Out Phenomenon in the U.S. Housing Market by : Francesco Beraldi

Download or read book The Pricing-Out Phenomenon in the U.S. Housing Market written by Francesco Beraldi and published by International Monetary Fund. This book was released on 2023-01-06 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic further extended the multi-year housing boom in advanced economies and emerging markets alike against massive monetary easing during the pandemic. In this paper, we analyze the pricing-out phenomenon in the U.S. residential housing market due to higher house prices associated with monetary easing. We first set up a stylized general equilibrium model and show that although monetary easing decreases the mortgage payment burden, it would raise house prices, lower housing affordability for first-time homebuyers, and increase housing wealth inequality between first-time and repeat homebuyers. We then use the U.S. household-level data to quantify the effect of the house price change on housing affordability relative to that of the interest rate change. We find evidence of the pricing-out effect for all homebuyers; moreover, we find that the pricing-out effect is stronger for first-time homebuyers than for repeat homebuyers. The paper highlights the importance of accounting for general equilibrium effects and distributional implications of monetary policy while assessing housing affordability. It also calls for complementing monetary easing with well-targeted policy measures that can boost housing affordability, particularly for first-time and lower-income households. Such measures are also needed during aggressive monetary tightening, given that the fall in house prices may be insufficient or too slow to fully offset the immediate adverse impact of higher rates on housing affordability.

Housing in the seventies working papers 1 [and] 2

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Author :
Publisher :
ISBN 13 :
Total Pages : 834 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Housing in the seventies working papers 1 [and] 2 by : United States. Department of Housing and Urban Development

Download or read book Housing in the seventies working papers 1 [and] 2 written by United States. Department of Housing and Urban Development and published by . This book was released on 1976 with total page 834 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Housing Boom and Bust

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Author :
Publisher : Basic Books (AZ)
ISBN 13 : 0465018807
Total Pages : 194 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis The Housing Boom and Bust by : Thomas Sowell

Download or read book The Housing Boom and Bust written by Thomas Sowell and published by Basic Books (AZ). This book was released on 2009-05-12 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.

Housing in the seventies working papers 1 [and] 2

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Author :
Publisher :
ISBN 13 :
Total Pages : 804 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Housing in the seventies working papers 1 [and] 2 by : United States. Dept. of Housing and Urban Development

Download or read book Housing in the seventies working papers 1 [and] 2 written by United States. Dept. of Housing and Urban Development and published by . This book was released on 1976 with total page 804 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Consumer Protection and Middle-class Wealth Building in an Age of Growing Household Debt

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Author :
Publisher :
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Consumer Protection and Middle-class Wealth Building in an Age of Growing Household Debt by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and Consumer Protection

Download or read book Consumer Protection and Middle-class Wealth Building in an Age of Growing Household Debt written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and Consumer Protection and published by . This book was released on 2012 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Long-run Growth and Short-run Stabilization

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781950500
Total Pages : 434 pages
Book Rating : 4.9/5 (55 download)

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Book Synopsis Long-run Growth and Short-run Stabilization by : The late Lawrence R. Klein

Download or read book Long-run Growth and Short-run Stabilization written by The late Lawrence R. Klein and published by Edward Elgar Publishing. This book was released on 2006-02-24 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the contributors elaborate on the main issues of economic analysis and policies that concerned him.

Occasional Papers in Housing and Community Affairs

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Author :
Publisher :
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Occasional Papers in Housing and Community Affairs by :

Download or read book Occasional Papers in Housing and Community Affairs written by and published by . This book was released on 1978 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Cyprus

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498327982
Total Pages : 69 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Cyprus by : International Monetary Fund. European Dept.

Download or read book Cyprus written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2014-10-22 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Background: The large imbalances that accumulated prior to the global financial crisis culminated in a collapse of the banking sector in early 2013. In response, the authorities took unprecedented measures and adopted an economic adjustment program, supported by official financing, aimed at securing financial stability and fiscal sustainability. Recent developments and outlook: GDP contracted sharply in 2013. Wages and prices also declined, and unemployment increased. While bank deposit outflows have slowed, non-performing loans have risen sharply, and credit remains impaired. The outlook is difficult, with the recession expected to continue this year, followed by a modest recovery starting next year. Risks remain tilted to the downside. Reform agenda: The authorities need to overcome recent delays in the implementation of their adjustment program. A key priority is addressing high non-performing loans, which requires putting in place a strong private-sector debt-restructuring framework, including legislation to facilitate foreclosures, complemented by a modernized insolvency regime. Banks should continue to restructure and build strong capital buffers. Removal of external-payment restrictions must proceed prudently. Continued fiscal consolidation is required to ensure long-run sustainability, complemented by firm implementation of structural reforms.

Issue Papers on Demographic Trends Important to Housing

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Author :
Publisher :
ISBN 13 :
Total Pages : 166 pages
Book Rating : 4.:/5 (9 download)

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Book Synopsis Issue Papers on Demographic Trends Important to Housing by :

Download or read book Issue Papers on Demographic Trends Important to Housing written by and published by . This book was released on 2003 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Issues in Finance

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1444391615
Total Pages : 220 pages
Book Rating : 4.4/5 (443 download)

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Book Synopsis Issues in Finance by : Stuart Sayer

Download or read book Issues in Finance written by Stuart Sayer and published by John Wiley & Sons. This book was released on 2011-09-07 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues in Finance: Credit, Crises and Policies presents a collection of surveys on key issues surrounding the relationship between credit, finance, and the macro-economy that are linked to the recent global financial crisis. Presents a timely collection of surveys that shed light on the recent financial crisis Offers insights for economists in government, business, and finance Shows how the mainstream economics literature was not blind to the potential problems of the financial framework and its interplay with the macro-economy

Brookings-Wharton Papers on Urban Affairs: 2004

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 9780815707035
Total Pages : 324 pages
Book Rating : 4.7/5 (7 download)

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Book Synopsis Brookings-Wharton Papers on Urban Affairs: 2004 by : Willam G. Gale

Download or read book Brookings-Wharton Papers on Urban Affairs: 2004 written by Willam G. Gale and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designed to reach a wide audience of scholars and policymakers, the Brookings-Wharton Papers on Urban Affairs is an annual series that serves as a forum for cutting-edge, accessible research on urban policy. The editors seek to integrate broader research into the urban policy discussion by bringing urban studies scholars together with economists and researchers studying subjects with important urban implications. The six papers in this issue address a wide variety of topics in urban economics. Contents include: Editors' Summary The Labor Market Effects of the 1960s Riots William J. Collins and Robert A. Margo (Vanderbilt University) The Rise of the Skilled City Edward L. Glasser and Albert Saiz School Funding Equalization and Residential Location for the Young and the Elderly Christian A.L. Hilber and Christopher J. Mayer The Anatomy of Rent Burdens: Immigration, Growth, and Rental Housing Erica Greulich, John M. Quigley, and Steven Raphael The Effect of Prison Releases on Regional Crime Rates Steven Raphael and Michael A. Stoll Who Benefits Whom in Local Television Markets? Joel Waldfogel