Housing Markets in Europe A Macroeconomic Perspective /

• Corporate Author: SpringerLink (Online service)
• Other Authors: Bandt, Olivier. (Editor), Knetsch, Thomas. (Editor), Peąlosa, Juan. (Editor), Zollino, Francesco. (Editor)
• Format: Electronic
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2010.
• Subjects: Economics.; Econometrics.; Economic policy.; Europe > Economic policy.; Macroeconomics.; Finance.; Regional economics.; Economics/Management Science.; Macroeconomics/Monetary Economics.; European Integration.; Regional/Spatial Science.; Public Finance & Economics.; Economic Policy.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-642-15340-2

During the recession in the years 2008-2009, the most severe for mature economies in the post-war period, housing markets were often mentioned as having a special responsibility. The objective of this book is to shed light on the cyclical behaviour of the housing markets, its fundamental determinant...

Table of Contents:

• Part I Introductory Lecture: Housing in DSGE Models: Findings and New Directions
• Part II Housing and the Business Cycles: Country Analysis: 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?- Cross-Country Analysis: 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
• Part III MacroeconomicModels of Housing: The <U+0019>Housing Bubble<U+0019> 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 andWelfare Consequences of Real Estate Price Appreciation
• Part IV 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 FinancialWealth on Personal Consumption: Aggregate Evidence for Italian Households
• Housing and Portfolio Choices in France
• Part V Housing, Economic Policy and Financial Stability
• House price Boom/Bust Cycles: Identification Issues and Macroprudential Implications
• Impact of Fiscal Policy on Residential Investment in France.