Monetary Policy Housing Investment And Heterogenous Regional Markets
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Monetary Policy Housing Investment And Heterogenous Regional Markets
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Author : Michael Fratantoni
language : en
Publisher:
Release Date : 2000
Monetary Policy Housing Investment And Heterogenous Regional Markets written by Michael Fratantoni and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Monetary policy categories.
Monetary Policy Housing Investment And Heterogeneous Regional Markets
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Author : Michael C. Fratantoni
language : en
Publisher:
Release Date : 2015
Monetary Policy Housing Investment And Heterogeneous Regional Markets written by Michael C. Fratantoni and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
This paper quantifies the importance of heterogeneity in regional housing markets for the conduct of monetary policy using a new model called an aggregation VAR (AVAR). The model integrates a national financial market with regional housing markets, imposing all exact aggregation conditions. Monetary policy is transmitted to the real economy through the mortgage rate. The AVAR model is based on linear VARs, but its aggregate impulse responses exhibit two nonlinearities: (1) time variation stemming from aggregation over heterogeneous regions, and (2) state dependence on initial economic conditions in regions. Thus, the effect of monetary policy on the real economy depends on the extent and nature of regional heterogeneity, which vary over time. Using longitudinal data for detailed U.S. regions, we estimate the effects of time variation and state dependence on the dynamic responses of the AVAR model. These estimates, and aggregation bias, provide plausible and tangible explanations for quot;long and variablequot; lags in monetary policy. As an example, we show how the AVAR model can simulate the effects of coastal housing booms on the efficacy of monetary policy.
Monetary Policy Housing Investment And Heterogeneous Regional Markets
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Author : Michael Fratantoni
language : en
Publisher:
Release Date : 2001
Monetary Policy Housing Investment And Heterogeneous Regional Markets written by Michael Fratantoni and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Monetary policy categories.
Hot Property
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Author : Rob Nijskens
language : en
Publisher: Springer
Release Date : 2019-06-14
Hot Property written by Rob Nijskens and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-14 with Business & Economics categories.
This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.
Monetary Policy And The Housing Bubble
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Author : Jane Dokko
language : en
Publisher:
Release Date : 2009
Monetary Policy And The Housing Bubble written by Jane Dokko and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Monetary policy categories.
The Housing User Cost Of Capital Monetary Policy And Housing Market Stability
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Author : Geoffrey P. Meen
language : en
Publisher:
Release Date : 1996
The Housing User Cost Of Capital Monetary Policy And Housing Market Stability written by Geoffrey P. Meen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Commerce categories.
Housing And Monetary Policy
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Author : Clara Wolf
language : en
Publisher:
Release Date : 2016
Housing And Monetary Policy written by Clara Wolf and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This thesis investigates heterogeneous topics since it is related to both housing economics and monetary economics, and uses various tools including theoretical modeling, microeconomic policy evaluation and macroeconomic empirical approach. It is constituted of three chapters. The first one, co-authored with Eric Monnet, is interested in the relationship between demographic changes within countries and housing investment. The second one, co-authored with Guillaume Chapelle and Benjamin Vignolles, assesses the impact of a housing tax credit on several dimensions of the housing market. Finally, the third one studies how monetary policy should react to capital inflows when there are frictions on the financial market.
Urban Research Monitor
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Author :
language : en
Publisher:
Release Date : 1998
Urban Research Monitor written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Community development categories.
Proceedings Of The 19th International Symposium On Advancement Of Construction Management And Real Estate
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Author : Liyin Shen
language : en
Publisher: Springer
Release Date : 2015-04-27
Proceedings Of The 19th International Symposium On Advancement Of Construction Management And Real Estate written by Liyin Shen and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-27 with Business & Economics categories.
These conference proceedings cover an outstanding view for academics and professionals to share research findings on the latest developments in real estate and construction management. The Chinese Research Institute of Construction Management (CRIOCM) in collaboration with Chongqing University organized CRIOCM2014, the 19th International Symposium on “Advancement of Construction Management and Real Estate.” The proceedings collect 105 selected papers addressing the following key themes: Sustainable Urbanization, Sustainable Construction, Urban Construction and Management, Affordable Housing, Urban Land Development and Utilization, Management for Large Infrastructure Projects, Green Construction Materials and Construction Waste Management, Development and Management for Mountainous Towns, Advancement of Construction Project Management, Redevelopment in Disaster Areas, Law and Policies for Construction and Real Estate, Information Technology for Construction Management and Real Estate and lastly Other Topics.
Handbook Of Economic Forecasting
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Author : Graham Elliott
language : en
Publisher: Newnes
Release Date : 2013-08-23
Handbook Of Economic Forecasting written by Graham Elliott and has been published by Newnes this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-23 with Business & Economics categories.
The highly prized ability to make financial plans with some certainty about the future comes from the core fields of economics. In recent years the availability of more data, analytical tools of greater precision, and ex post studies of business decisions have increased demand for information about economic forecasting. Volumes 2A and 2B, which follows Nobel laureate Clive Granger's Volume 1 (2006), concentrate on two major subjects. Volume 2A covers innovations in methodologies, specifically macroforecasting and forecasting financial variables. Volume 2B investigates commercial applications, with sections on forecasters' objectives and methodologies. Experts provide surveys of a large range of literature scattered across applied and theoretical statistics journals as well as econometrics and empirical economics journals. The Handbook of Economic Forecasting Volumes 2A and 2B provide a unique compilation of chapters giving a coherent overview of forecasting theory and applications in one place and with up-to-date accounts of all major conceptual issues. Focuses on innovation in economic forecasting via industry applications Presents coherent summaries of subjects in economic forecasting that stretch from methodologies to applications Makes details about economic forecasting accessible to scholars in fields outside economics