House Prices and Economic Activity

By Nathalie Girouard, S. Blöndal. 2001

199 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/28c48d1335b3cb02aa06460446570ce7abd548d2

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Citations in the corpus

How Large are Housing and Financial Wealth Effects? A New Approach (2011, background): “Girouard and Blöndal (2001) fail to nd consistent results across countries: In some, the housing wealth e ect is stronger, while in others the nancial wealth e ect is stronger (and in some neither was signi cant).”
Wealth Effects in Emerging Market Economies (2012, unknown): “…consumption (Romer, 1990; Poterba and Samwick, 1995; and Ludwig and Slok, 2004) or the role played by housing prices (Miles, 1992; Miles (1995), Girouard and Blöndal (2001), Aoki et al. (2003) as well as Ludwig and Slok (2004).4 Second, we consider a measure of aggregate consumption and hence…”
The Relationship between Stock Prices, House Prices and Consumption in OECD Countries (2004, methodology): “However, due to the heterogeneous nature of the alternative, a rejection of the null hypothesis does not necessarily imply that the null is rejected for all groups (Im et al. 2003, p. 74). We therefore also tested for unit roots using the more restrictive test by Levin and Lin (1992) which restricts”
Housing markets and the financial crisis of 2007-2009: lessons for the future (2010, background): “This pattern also describes the house price boom-bust of the late 1980s and early 1990s which followed mortgage market liberalizations in Scandinavia (Girouard and Blondal, 2001) and the UK (Muellbauer and Murphy, 1997; Muellbauer, 2009), and the current UK cycle (Blake and Muellbauer, 2009).”
FISCAL POLICY AND ASSET PRICES (2013, unknown): “This made it di¢ cult for households to access credit and increased the sensitivity of demand to shocks in disposable income (Girouard and Blondal, 2001).”
Recent House Price Developments (2006, background): “See Girouard and Blöndal (2001). Ortalo-Magné and Rady (1999) report particularly strong effects of financial deregulation on the cohort of first-time buyers in the United Kingdom.”
Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors Matter? (2007, background): “qt = e Ud;t e Uc;t + (1 )Et ( e Uc;t+1 e Uc;t qt+1 ) (22)”
Bank Lending and Property Prices in Hong Kong (2005, background): “3 Girouard and Blondal (2001) provide a summary of property price developments in the OECD economies in the past two decades.”
Housing Finance and Monetary Policy (2009, background): “…and Vlieghe (2004), Davies and Heathcote (2005), Iacoviello (2005) and the literature review by Leung (2004); for contributions from a policy perspective see ECB (2003), Catte et al. (2004), Girouard and Blöndal (2001), BIS (2004) and IMF (2005, 2008); for a press account see The Economist (2003).”
Financialisation, income distribution and aggregate demand in the USA (2011, background): “The negative effect of higher dividend or interest payments on investment is also incorporated in the theoretical post-Keynesian models by Hein (2006, 2007, 2008A, 2008B), Lavoie (1995, 2008), Lavoie and Godley (2001–2), van Treeck (2009) and Skott and Ryoo (2008).”