Online Appendix to News-driven housing booms: Spain vs. Germany

Laurentiu Guinea, Luis Puch and Jesus Ruiz

No 2022-04, Documentos de Trabajo del ICAE from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico

Abstract: This Online Appendix completes the contents of the paper News-driven housing booms: Spain vs. Germany, by Guinea, Puch and Ruiz (2022). Those contents are organized along sections E to F below, following appendixes A to D in the main text. In particular, here we provide results for: (E) Alternative VAR Identification and Alternative Shocks; (F) Responses to the different shocks in the theoretical model; and (G) A detailed characterization of the two-sector model with home production and Investment Specific Technical Change (ISTC). Refer to the journal article DOI: 10.1515/bejm-2021-0116 in The B.E. Journal of Macroeconomics for any details on the contents of this Online Appendix. A permanent link to this document is at Online Appendix.

Keywords: Investment-specific technical change; News shocks; Housing booms; Wealth effects. (search for similar items in EconPapers)
JEL-codes: C32 D84 E22 E32 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2022
New Economics Papers: this item is included in nep-ure
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