What drives housing price dynamics: cross-country evidence
Kostas Tsatsaronis () and
BIS Quarterly Review, 2004
House prices generally depend on inflation, the yield curve and bank credit, but national differences in the mortgage markets also matter. House prices are more sensitive to short-term rates where floating rate mortgages are more widely used and more aggressive lending practices are associated with stronger feedback from prices to bank credit.
JEL-codes: G12 G21 C32 (search for similar items in EconPapers)
References: View complete reference list from CitEc
Citations: View citations in EconPapers (96) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bis:bisqtr:0403f
Access Statistics for this article
BIS Quarterly Review is currently edited by Christian Upper
More articles in BIS Quarterly Review from Bank for International Settlements Contact information at EDIRC.
Bibliographic data for series maintained by Christian Beslmeisl ().