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|z 9781451871050
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|a 1018-5941
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|a Iossifov, Plamen.
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|a Interest Rate Elasticity of Residential Housing Prices /
|c Plamen Iossifov, Martin Cihak, Amar Shanghavi.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
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|a 1 online resource (32 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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 novel analysis of determinants of residential housing prices in a cross-section of countries. Our results show that the short-term interest rate, and hence monetary policy, has a sizable impact on residential housing prices.
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|a Mode of access: Internet
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|a Cihak, Martin.
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|a Shanghavi, Amar.
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|a IMF Working Papers; Working Paper ;
|v No. 2008/247
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2008/247/001.2008.issue-247-en.xml
|z IMF e-Library
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