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Interest Rate Elasticity Of Residential Housing Prices 1st Edition Plamen Iossifov Martin Cihk Amar Shanghavi

  • SKU: BELL-51286518
Interest Rate Elasticity Of Residential Housing Prices 1st Edition Plamen Iossifov Martin Cihk Amar Shanghavi
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Interest Rate Elasticity Of Residential Housing Prices 1st Edition Plamen Iossifov Martin Cihk Amar Shanghavi instant download after payment.

Publisher: International Monetary Fund
File Extension: EPUB
File size: 1.32 MB
Pages: 34
Author: Plamen Iossifov; Martin Cihák; Amar Shanghavi
ISBN: 9781451915587, 1451915586
Language: English
Year: 2008
Edition: 1

Product desciption

Interest Rate Elasticity Of Residential Housing Prices 1st Edition Plamen Iossifov Martin Cihk Amar Shanghavi by Plamen Iossifov; Martin Cihák; Amar Shanghavi 9781451915587, 1451915586 instant download after payment.

We examine the interest rate elasticity of housing prices, advancingthe empirical literature in two directions. First, we take a commonly used cross-country panel dataset and evaluate the housing price equation using a consistent estimator in the presence of endogenous explanatory variables and a lagged dependent variable. Second, we carry-out a novel analysis of determinants of residential housing prices in a cross-section of countries. Our results show that the short-term interest rate, and hence monetary policy, has a sizable impact on residential housing prices.

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