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  1. The boom-bust cycle in Finland and Sweden 1984-1995 in an international perspective
    Published: 2006
    Publisher:  Univ.-Bibliothek Frankfurt am Main, Frankfurt am Main

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    RVK Categories: QM 430 ; QM 420
    Series: Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2006,13
    Subjects: Konjunktur; Vergleich; :z Geschichte 1984-1995; :z Geschichte 1970-2002; Finnland; Schweden; Boom; Bankrott; Wirtschaftskrise; Haushaltsdefizit; Realzins; Effektivverzinsung; Geschichte 1984-1995
    Other subjects: (stw)1970-2002; (stw)Konjunktur; (stw)Vergleich; (stw)Finnland; (stw)Schweden; (stw)Industrieländer; Boom; Bust; Asset Price Cycles; Real Interest Rates; Financial Crisis; Finland; Sweden; Amtsdruckschrift; Graue Literatur
    Scope: Online-Ressource
  2. Expectations during the U.S. housing boom
    inferring beliefs from actions
    Published: [2019]
    Publisher:  The Ohio State University, Fisher College of Business, Charles A. Dice Center for Research in Financial Economics, [Columbus, Ohio]

    We infer the role of price expectations in forming the U.S. housing boom in the early-2000s from examining housing inventories. We use a reduced form model to show that agents invest in vacant homes when they anticipate prices will increase.... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    No inter-library loan

     

    We infer the role of price expectations in forming the U.S. housing boom in the early-2000s from examining housing inventories. We use a reduced form model to show that agents invest in vacant homes when they anticipate prices will increase. Empirically, vacancy can discriminate between price movements related to shocks to demand for housing services (low vacancy) and shocks to expectations (high vacancy). Using a structural vector autoregression with sign restrictions, we show that expectation shocks were a prime factor explaining the boom particularly in the Sand States, which experienced unprecedented booms

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Working papers series / Charles A. Dice Center for Research in Financial Economics ; WP 2019, 8
    Fisher College of Business Working Paper ; No. 2019-03-008
    Fisher College of Business working paper series ; WP 2019-03, 008
    Subjects: Expectations; Real Estate; Boom; Bust; Bubble; Vacancy
    Scope: 1 Online-Ressource (circa 38 Seiten)