Essays on the Macroeconomics of Housing Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Essays on the Macroeconomics of Housing Markets write by Boaz Abramson. This book was released on 2022. Essays on the Macroeconomics of Housing Markets available in PDF, EPUB and Kindle. This dissertation studies the macroeconomic implications of government policies and house- hold decisions for housing market outcomes. The first chapter, "The Welfare Effects of Eviction and Homelessness Policies", studies the effects of various rental market policies that address evictions and homelessness. I find that "Right-to-Counsel" drives up rents so much that homelessness increases, and welfare is dampened. While lawyers make it harder to evict delinquent tenants, they are unable to prevent evictions because defaults on rent are driven by persistent shocks to income that cannot easily be smoothed across time. In contrast, rental assistance lowers tenants default risk and as a result reduces both homelessness and evictions and increases welfare. the second chapter, "Self-Assessed Financial Literacy in Housing Markets", studies the role of financial knowledge in home- ownership decisions. I show that households who self-assess them- selves to be more financially literate are more likely to own a house and take a more levered position on their house. I find that this is because households with higher levels of self-assessed financial knowledge have access to more accommodating mortgage terms and better risk-return tradeoffs in the housing market.
Essays on the Macroeconomics of Housing Markets
Essays on the Macroeconomics of Housing Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Essays on the Macroeconomics of Housing Markets write by Fabian Greimel. This book was released on 2020*. Essays on the Macroeconomics of Housing Markets available in PDF, EPUB and Kindle.
Housing and Mortgage Markets in Historical Perspective
Housing and Mortgage Markets in Historical Perspective - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Housing and Mortgage Markets in Historical Perspective write by Eugene N. White. This book was released on 2014-10-17. Housing and Mortgage Markets in Historical Perspective available in PDF, EPUB and Kindle. The central role of the housing market in the recent recession raised a series of questions about similar episodes throughout economic history. Were the underlying causes of housing and mortgage crises the same in earlier episodes? Has the onset and spread of crises changed over time? How have previous policy interventions either damaged or improved long-run market performance and stability? This volume begins to answer these questions, providing a much-needed context for understanding recent events by examining how historical housing and mortgage markets worked—and how they sometimes failed. Renowned economic historians Eugene N. White, Kenneth Snowden, and Price Fishback survey the foundational research on housing crises, comparing that of the 1930s to that of the early 2000s in order to authoritatively identify what contributed to each crisis. Later chapters explore notable historical experiences with mortgage securitization and the role that federal policy played in the surge in home ownership between 1940 and 1960. By providing a broad historical overview of housing and mortgage markets, the volume offers valuable new insights to inform future policy debates.
Three Essays on the Housing Market and the Macroeconomy
Three Essays on the Housing Market and the Macroeconomy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Three Essays on the Housing Market and the Macroeconomy write by Stefanie J. Huber. This book was released on 2017. Three Essays on the Housing Market and the Macroeconomy available in PDF, EPUB and Kindle. This thesis sheds light on certain macroeconomic aspects of the housing market. Chapter 1 explores a novel channel for house price bubble formation: the demand for housing consumption. I argue that the lower the demand for housing consumption, the larger the maximum bubble size, and the larger economies' vulnerability to house price bubbles. In terms of policy implications, I show that a help-to-buy scheme makes the economy more bubble-prone, while rental subsidies are an effective tool to reduce the prevalence of house price bubbles. Using a laboratory experiment, Chapter 2 supports the theoretical and empirical findings of Chapter 1. Chapter 3 investigates whether the persistent cross-country differences in homeownership rates are driven by cultural tastes. Analyzing the homeownership attitudes of second-generation immigrants in the United States leads to robust evidence for this hypothesis.
Housing Markets in Europe
Housing Markets in Europe - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Housing Markets in Europe write by Olivier de Bandt. This book was released on 2010-10-14. Housing Markets in Europe available in PDF, EPUB and Kindle. 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 determinants in terms of supply and demand characteristics, and its relationship with the overall business cycle. The co-movements of house prices across countries are also considered, as well as the channel of transmission of house price changes to the rest of the economy. Particular attention is paid to the effects on private consumption, through possible wealth effects. The book is a compilation of original papers produced by economists and researchers from the four main national central banks in the euro area, also with the participation of leading academics.
