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642 Ergebnisse, ab 621
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 referierte Aufsätze

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 increase in liquidity has contributed to the formation of price bubbles in asset markets in the years preceding the financial crisis. If linkages are strong, the inclusion of asset prices in the monetary policy rule may limit speculative runs ...

In: Review of Economics & Finance (2011), 1, S. 43-52 | Christian Dreger, Jürgen Wolters
SOEPpapers 186 / 2009

Factors Influencing Tenure Choice in European Countries

Homeownership rates are very different across European countries. They range from below 50% in Germany to over 80% in Greece, Spain or Ireland. However the differences lie not only in the overall homeownership rates but also in its structure, and this is the focus of this paper. Its aim is to study the impact of microeconomic factors on household's tenure choice, using a cross-country comparative approach. ...

2009| Monika Bazyl
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
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
Weitere Aufsätze

Bewertung von Klima- und Energiepolitikstrategien in der Immobilienwirtschaft

In: Nico B. Rottke (Hrsg.) , Ökonomie vs. Ökologie
Köln : Immobilien Manager Verl.
S. 55-64
| Claudia Kemfert
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
Externe referierte Aufsätze

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
642 Ergebnisse, ab 621
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