A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Macro aspects of housing
This paper aims to achieve two objectives. First, we demonstrate that with respect to business cycle frequency (Burns and Mitchell, 1946), there was a general decrease in the association between macroeconomic variables (MV) and housing market variables (HMV) following the global financial crisis (GFC). However, there are macro-finance variables that exhibited a strong association with the HMV following the GFC. For the medium-term business cycle frequency (Comin and Gertler, 2006), we find that while some correlations exhibit the same change as the business cycle counterparts, others do not. These "new stylized facts" suggest that a reconsideration and refinement of existing "macro-housing" theories would be appropriate. We also provide a review of the recent literature, which may enhance our understanding of the evolving macro-housing-finance linkage.
Macro aspects of housing
This paper aims to achieve two objectives. First, we demonstrate that with respect to business cycle frequency (Burns and Mitchell, 1946), there was a general decrease in the association between macroeconomic variables (MV) and housing market variables (HMV) following the global financial crisis (GFC). However, there are macro-finance variables that exhibited a strong association with the HMV following the GFC. For the medium-term business cycle frequency (Comin and Gertler, 2006), we find that while some correlations exhibit the same change as the business cycle counterparts, others do not. These "new stylized facts" suggest that a reconsideration and refinement of existing "macro-housing" theories would be appropriate. We also provide a review of the recent literature, which may enhance our understanding of the evolving macro-housing-finance linkage.
Macro aspects of housing
Leung, Charles Ka Yui (author) / Ng, Joe Cho Yiu (author)
2018-01-01
Paper
Electronic Resource
English
Applications of Macro Space frame Systems to Housing
| British Library Conference Proceedings | 1995
Slurry Erosion: Macro- and Micro- Aspects
| Springer Verlag | 2001
Housing for the Poor in India: A Macro View
| British Library Conference Proceedings | 1994
Macro and Macro/Micro Models of Solidification - Numerical Aspects of Process Simulation
| British Library Online Contents | 2007