Foreign Demand and Local House Prices : Evidence from the US /

We test whether foreign demand matters for local house prices in the US using an identification strategy based on the existence of 'home bias abroad' in international real estate markets. Following an extreme political crisis event abroad, a proxy for a strong and exogenous shift in foreig...

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Hlavní autor: Puy, Damien
Další autoři: Ari, Anil, Shi, Yu
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2020.
Edice:IMF Working Papers; Working Paper ; No. 2020/043
On-line přístup:Full text available on IMF