Yao. 2006. The life cycle Effects of House Price Changes. Forthcoming, Journal of Money, Credit and Banking.Li, W. and R. Yao, "The Life-Cycle Effects of House Price Changes," Journal of Money, Credit and Banking, 39(6):1375-1409, 2007.Li, W., and R. Yao. 2007. "The Life-Cycle Effects of House Pr...
The life-cycle effects of house price changes J. Money Credit Bank., 39 (6) (2007), pp. 1375-1409 Crossref View in Scopus Google Scholar Merlo and Ortalo-Magn, 2004 A. Merlo, F. Ortalo-Magn Bargaining over residential real estate: evidence from england ...
The main conclusion is that house price dynamics are magnified by the presence of life cycle features. Two primary explanations stand out: the distinction between stocks and flows of mortgage debt in the cross-section and the importance of gross housing tenure flows, i.e. churn....
Keep tabs on housing data to help you weather the changes that may come about in every season of the economic cycle. References [PDF] Predicting The U.S. Recessions With Housing Starts In Dynamic Probit Models | egrove.olemiss.edu New Residential Construction | census.gov Home Price Insights...
over, leaders might explore different ownership models and sales methods with the end-to-end (E2E) business case in mind, taking into account the entire life cycle of the autonomous vehicle. Finally, leaders may also need to create an organization that will support all of the above ch...
Life course theory is also suitable for the analysis of societies that have undergone major changes and has been widely applied to the study of the impact of drastic change of national policy on individuals’ life opportunities (Zhou and Hon, 1999; Elder 2003:1-15). Life course, as an ...
Frequent Changes The fast-paced nature of the fashion industry means trends come and go in the blink of an eye. What’s hot today may be old news tomorrow, leaving us constantly craving the next big thing. With new collections dropping weekly, it’s easy to get caught up in the cycle ...
Among the arguments behind this choice of lag length in the VAR is the strong significance of the sixth lag of house price changes that may capture the expected real rate of capital gain. There is, however, evidence in some countries that extrapolative expectations of house price changes are ...
Finally, to prevent outliers from impacting our findings, we excluded entrants with changes in attendance rates of five percentage points or more between the before and after lottery school years (n = 18). This cut-off was consistent with the literature for reasonable levels and was ...
To quantitatively assess the contribution of changes in financial conditions to account for the facts previously described, I build a life-cycle, open economy model populated by heterogeneous agents. In the model agents make consumption and housing tenure decision and face a collateral constraint. A ...