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 la...

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Bibliographic Details
Main Author: Iossifov, Plamen
Other Authors: Cihak, Martin, Shanghavi, Amar
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2008.
Series:IMF Working Papers; Working Paper ; No. 2008/247
Online Access:Full text available on IMF