We use duration analysis to assess the impact of securitization, mortgage sector
liberalization and government involvement in housing finance on the length of housing …

The role of real estate during the global financial and economic crisis has prompted efforts to
better incorporate housing and financial channels into macro models, improve housing …

The housing sector is now (September 2007) at the root of three distinct but related
problems:(1) a sharp decline in house prices and the related fall in home building;(2) a …

This article summarizes research on the macroeconomic aspects of the housing market. In
terms of the macroeconomic stylized facts, this article demonstrates that with respect to …

Housing cycles and their impact on the financial system and the macroeconomy have
become the center of attention following the global financial crisis. This paper documents the …

Since the mid-1980s, monetary policy has contributed to a great moderation of the housing
cycle by responding more proactively to inflation and thereby reducing the boom bust cycle …

House prices generally depend on inflation, the yield curve and bank credit, but national
differences in the mortgage markets also matter. House prices are more sensitive to short …

In this paper, we assess the characteristics of the housing market and its main determinants.
Using data for 20 industrial countries over the period 1970Q1–2012Q2 and a discrete-time …

This paper examines housing finance and housing price dynamics in selected emerging
Middle Eastern economies over the past two decades. It finds that (i) mortgage markets have …

Housing and the New Financial Mark Page 1 HOUSING AND THE NEW FINANCIAL
MARKETS Edited by Richard L. Florida Page 2 Housing and the New Financial Markets Page …