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256 results, from 231
  • SOEPpapers 524 / 2012

    Merkmale und Einschätzungen der Bewohner von Wohnungsgenossenschaften: eine Charakterisierung auf Basis des Sozio-oekonomischen Panels

    2012| Theresia Theurl, Jochen Wicher, Christina Cappenberg
  • FINESS Working Papers 7.4A / 2009

    Liquidity and Asset Prices: How Strong Are the Linkages?

    The appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price bubbles in asset markets. If strong linkages exist, the inclusion of asset prices in the monetary policy rule can eventually limit speculative runs and negative effects ...

    2009| Christian Dreger, Jürgen Wolters
  • Externe Monographien

    Using Tax Incentives to Support Thermal Retrofits in Germany

    The German government has committed to reducing the primary energy demand of buildings by 80% by 2050 and to attaining a thermal retrofit rate of 2%. Achieving both goals will require deep thermal retrofits across the existing building stock. To meet this challenge, the government is exploring what role tax support options could play in encouraging thermal retrofits and ensuring that they deliver the ...

    Berlin: CPI ; DIW, 2011, 7 S.
    (CPI Report)
    | Karsten Neuhoff, Hermann Amecke, Aleksandra Novikova, Kateryna Stelmakh, Jeff Deason, Andrew Hobbs
  • Diskussionspapiere 1244 / 2012

    Noise Expectation and House Prices

    In this paper, we examine the effects of an airport expansion on the prices of houses and flats located under the planned flight corridors. We focus on the role of expectations about the exposure to noise and find that proximity to the planned corridors significantly reduces real estate prices in the affected areas, by around 41% to 60%, depending on the sample. Hereby, the various plans of expanding ...

    2012| Andreas Mense, Konstantin A. Kholodilin
  • Refereed essays Web of Science

    The Market Value of Energy Efficiency in Buildings and the Mode of Tenure

    Concerns about global warming and growing scarcity of fossil fuels require substantial changes in energy consumption patterns and energy systems, as targeted by many countries around the world. One key element to achieve such transformation is to increase energy efficiency of the housing stock. In this context, it is frequently argued that private investments are too low in the light of the potential ...

    In: Urban Studies 54 (2017), 14, S. 3218-3238 | Claus Michelsen, Andreas Mense, Konstantin Kholodilin
  • SOEPpapers 90 / 2008

    Mortgage Market Maturity and Homeownership Inequality among Young Households: A Five-Country Perspective

    This paper uses the newly constructed Luxembourg Wealth Study data to document cross-country variation in homeownership rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and inequality in the four countries correspond ...

    2008| Alena Bicakova, Eva M. Sierminska
  • Diskussionspapiere 860 / 2009

    Liquidity and Asset Prices: How Strong Are the Linkages?

    The appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price bubbles in asset markets. If strong linkages exist, the inclusion of asset prices in the monetary policy rule can eventually limit speculative runs and negative effects ...

    2009| Christian Dreger, Jürgen Wolters
  • Refereed essays Web of Science

    A State Space Model for Berlin House Prices: Estimation and Economic Interpretation

    Hedonic regression has become the standard approach for modeling the behavior of house prices. Usually, the common price component is modeled via dummy variables. Based on an approximation for the present value, we deliver an economic interpretation of the common price component. This allows to include explanatory factors like inflation rates, mortgage rates and building permissions. The notional rents ...

    In: Journal of Real Estate Finance and Economics 28 (2004), 1, S.37-57 | Axel Werwatz, Rainer Schulz
  • FINESS Working Papers 7.4 / 2009

    Monetary Policy Transmission and House Prices: European Cross Country Evidence

    This paper explores the importance of housing and mortgage market heterogeneity in 13 European countries for the transmission of monetary policy. We use a pooled VAR model which is estimated over the period 1995-2006 to generate impulse responses of key macroeconomic variables to a monetary policy shock. We split our sample of countries into two disjoint groups according to the impact of the monetary ...

    2009| Kai Carstensen, Oliver Hülsewig, Timo Wollmershäuser
  • Refereed essays Web of Science

    Imputed Rent and Income Inequality: A Decomposition Analysis for Great Britain, West Germany and the U.S.

    This article deals with income advantages derived from owner-occupied housing and their impact on the personal income distribution. Using micro-data from the British Household Panel Study (BHPS), the German Socio-Economic Panel (SOEP), and the U.S. Panel Study of Income Dynamics (PSID) we find distinct cross-national differences in terms of the prevalence and extent of imputed rent. Results from inequality ...

    In: The Review of Income and Wealth 49 (2003), 4, S. 513-537 | Joachim R. Frick, Markus M. Grabka
256 results, from 231
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