Interest Rate Elasticity of Residential Housing Prices

Interest Rate Elasticity of Residential Housing Prices
We examine the interest rate elasticity of housing prices, advancingthe empirical literature in two directions. First, we take a commonly used cross-country panel dataset and evaluate the housing price equation using a consistent estimator in the presence of endogenous explanatory variables and a lagged dependent variable. Second, we carry-out a... READ MORE...

Publication date: October 2008
ISBN 9781451871050
$18.00

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