National Bureau of Economic Research, IncThe Review of Financial StudiesGao, Zhenyu, Michael Sockin, and Wei Xiong. 2017. "Economic Consequences of Housing Speculation." Working Paper.Gao, Zhenyu, Michael Sockin, and Wei Xiong, "Economic consequences of housing speculation," Technical Report, ...
states as an instrument, we provide novel evidence that housing speculation during the boom period of 2004 to 2006, measured by the fraction of non-owner-occupied home purchases, helps to explain not only the severity of the housing price bust in 2007 to 2009, but also the depth of the ...
If the structure of saving contributes into economic sterilization, it may result in undesirable consequences. This study investigates the relationship between saving structure, speculation housing and economic growth in Iranian economy, experiencing a high level of saving in the period 1970-2016. The ...
rich and poor,which is also in line with the above principle.Tobin Tax will be imposed on the real estate transaction which not only combat speculation,but also can raise the funds for indemnificatory housing construction,which is conducive to the healthy development of the real estate market....
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Transitional economies in Southeast Asia—a distinct group of developing countries—have experienced rapid urbanization in the past several decades due to the economic transition that fundamentally changed the function of their economies, societies and t
Kocherlakota, N.: Bursting bubbles: Consequences and cures. Unpublished manuscript, Federal Reserve Bank of Minneapolis (2009) Kocherlakota, N.R.: Bubbles and constraints on debt accumulation. J. Econ. Theory 57(1), 245–256 (1992) Article Google Scholar Kunieda, T.: Asset bubbles and borrow...
The headlines are progressively warning of dire consequences if the U.S. Government defaults… We say: don’t panic! Read More [Potentially] bullish Breadth Thrust emerges from the bear market lows January 12, 2023 A breadth thrust has emerged for the first time since June 2020, a technic...
Rationalizing asset prices by increasingly weaker arguments, such as “this time it’s different” or “housing prices only go up.” A high presence of marketing or media coverage related to the asset. Incentives that place the consequences of bad behavior by one economic actor upon another, su...