Housing Markets in Europe: A Macroeconomic Perspective

By Thomas Knetsch, Juan Penalosa, Francesco Zollino

Book Overview

Introductory Lecture.- Housing in DSGE Models: Findings and New Directions.- Housing and the Business Cycles.- Housing and the Macroeconomy: The Italian Case.- Cyclical Relationships Between GDP and Housing Market in France: Facts and Factors at Play.- Does Housing Really Lead the Business Cycle in Spain?.- Housing Cycles in the Major Euro Area Countries.- Common Business and Housing Market Cyles in the Euro Area from a Multivariate Decomposition.- The International Transmission of House Price Shocks.- Macroeconomic Models of Housing.- The 'Housing Bubble' and Financial Factors: Insights from a Structural Model of the French and Spanish Residential Markets.- Trend and Cycle Features in German Residential Investment Before and After Reunification.- User Costs of Housing when Households Face a Credit Constraint: Evidence for Germany.- Causes and Welfare Consequences of Real Estate Price Appreciation.- Wealth Effects.- Wealth Effects on Private Consumption: the French Case.- An Assessment of Housing and Financial Wealth Effects in Spain: Aggregate Evidence on Durable and Non-durable Consumption.- The Effects of Housing and Financial Wealth on Personal Consumption: Aggregate Evidence for Italian Households.- Housing and Portfolio Choices in France.- Housing, Economic Policy and Financial Stability.- House price Boom/Bust Cycles: Identification Issues and Macro-prudential Implications.- Impact of Fiscal Policy on Residential Investment in France.

• Format: Paperback
• Language: English
• ISBN: 364242855X
• ISBN13: 9783642428555
• Release Date: October 2014
• Publisher: Springer
• Length: 406 Pages
• Weight: 1.31 lbs.
• Dimensions: 0.9" x 6.1" x 9.2"