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https://hdl.handle.net/10419/36660
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Dümmler, Tobias | en |
dc.contributor.author | Kienle, Stephan | en |
dc.date.accessioned | 2010-06-30 | - |
dc.date.accessioned | 2010-07-20T13:42:35Z | - |
dc.date.available | 2010-07-20T13:42:35Z | - |
dc.date.issued | 2010 | - |
dc.identifier.isbn | 978-3-86558-625-4 | en |
dc.identifier.uri | http://hdl.handle.net/10419/36660 | - |
dc.description.abstract | We develop a formula for user costs of housing on the basis of a neoclassical approach to housing investment which does not impose a perfect capital market assumption. We suggest that the definition for the user costs of housing should be extended by an additional term which mirrors the credit constraints a household would be faced with. This extension term consists of the inflation gap between consumer and house price inflation multiplied with an average loan-to-value ratio and the real house prices. The empirical relevance of our finding is confirmed by a VECM. A time series for the user costs of housing is calculated using this extended definition. | en |
dc.language.iso | eng | en |
dc.publisher | |aDeutsche Bundesbank |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aDiscussion Paper Series 1 |x2010,12 | en |
dc.subject.jel | C32 | en |
dc.subject.jel | E13 | en |
dc.subject.jel | E22 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Housing investments | en |
dc.subject.keyword | user costs of housing | en |
dc.subject.keyword | cointegration | en |
dc.subject.stw | Wohnkosten | en |
dc.subject.stw | Wohneigentum | en |
dc.subject.stw | Wohnungsbauinvestition | en |
dc.subject.stw | Verschuldungsrestriktion | en |
dc.subject.stw | Kapitalkosten | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Deutschland | en |
dc.title | User costs of housing when households face a credit constraint: evidence for Germany | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 630339503 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:bubdp1:201012 | en |
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