Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/149899
Autoren: 
Bremus, Franziska
Krause, Thomas
Noth, Felix
Datum: 
2017
Schriftenreihe/Nr.: 
DIW Discussion Papers No. 1636
Zusammenfassung: 
This paper investigates the link between mortgage supply shocks at the banklevel and regional house price growth in the U.S. using micro-level data on mortgage markets from the Home Mortgage Disclosure Act for the 1990-2014 period. Our results suggest that bank-specific mortgage supply shocks indeed affect house price growth at the regional level. The larger the idiosyncratic shocks to newly issued mortgages, the stronger is house price growth. We show that the positive link between idiosyncratic mortgage shocks and regional house price growth is very robust and economically meaningful, however not very persistent since it fades out after two years.
Schlagwörter: 
House Prices
Idiosyncratic Shocks
Granularity
Credit Supply
JEL: 
E44
G21
R20
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
2.02 MB





Publikationen in EconStor sind urheberrechtlich geschützt.