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Deutsche Bundesbank, Forschungszentrum, Frankfurt am Main >
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/45488
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Kajuth, Florian | | en_US |
| dc.contributor.author | | Schmidt, Tobias | | en_US |
| dc.date.accessioned | | 2011-05-06 | | en_US |
| dc.date.accessioned | | 2011-05-12T09:33:11Z | | - |
| dc.date.available | | 2011-05-12T09:33:11Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.isbn | | 978-3-86558-705-3 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/45488 | | - |
| dc.description.abstract | | The contribution of this paper is to offer a rationale for the observed seasonal pattern in house prices. We first document seasonality in house prices for the US and the UK using formal statistical tests and illustrate its quantitative importance. In the second part of the paper we employ a standard model of dynamic optimisation with housing demand and seasonal shocks in non-durables in order to characterise seasonality in house prices as an equilibrium outcome. We provide empirical evidence for seasonality in house prices with our small model using US and UK data. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Dt. Bundesbank Frankfurt, M. | | en_US |
| dc.relation.ispartofseries | | Discussion Paper Series 1: Economic Studies 2011,08 | | en_US |
| dc.subject.jel | | D91 | | en_US |
| dc.subject.jel | | R21 | | en_US |
| dc.subject.jel | | R31 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | house prices | | en_US |
| dc.subject.keyword | | seasonality | | en_US |
| dc.subject.keyword | | optimal housing consumption | | en_US |
| dc.title | | Seasonality in house prices | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 657435813 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| dc.identifier.repec | | RePEc:zbw:bubdp1:201108 | | - |
| Appears in Collections: | | Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank
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