Anglo-German Differences in Housing Market Fluctuations: The Role of Institutions and Macroeconomic Policy.
Over the last 30 years, there have been large differences in the cyclical behavior of owner occupied housing markets in the U.K. and Germany. This paper interprets econometric models of house prices in the U.K. and Germany to throw light on housing market fluctuations. Given the role of housing weal...
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| Format: | Journal article |
| Language: | English |
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1994
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| _version_ | 1826280106431086592 |
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| author | Muellbauer, J |
| author_facet | Muellbauer, J |
| author_sort | Muellbauer, J |
| collection | OXFORD |
| description | Over the last 30 years, there have been large differences in the cyclical behavior of owner occupied housing markets in the U.K. and Germany. This paper interprets econometric models of house prices in the U.K. and Germany to throw light on housing market fluctuations. Given the role of housing wealth in helping to drive consumer expenditure and the balance of payments, this analysis helps to explain some of the differences in macroeconomic behavior between the U.K. and Germany. This paper concludes by considering the agenda for further reforms in housing institutions and policy in the U.K. |
| first_indexed | 2024-03-07T00:08:44Z |
| format | Journal article |
| id | oxford-uuid:78792631-79f1-431e-bea4-ed1ac261e746 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T00:08:44Z |
| publishDate | 1994 |
| record_format | dspace |
| spelling | oxford-uuid:78792631-79f1-431e-bea4-ed1ac261e7462022-03-26T20:30:51ZAnglo-German Differences in Housing Market Fluctuations: The Role of Institutions and Macroeconomic Policy.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:78792631-79f1-431e-bea4-ed1ac261e746EnglishDepartment of Economics - ePrints1994Muellbauer, JOver the last 30 years, there have been large differences in the cyclical behavior of owner occupied housing markets in the U.K. and Germany. This paper interprets econometric models of house prices in the U.K. and Germany to throw light on housing market fluctuations. Given the role of housing wealth in helping to drive consumer expenditure and the balance of payments, this analysis helps to explain some of the differences in macroeconomic behavior between the U.K. and Germany. This paper concludes by considering the agenda for further reforms in housing institutions and policy in the U.K. |
| spellingShingle | Muellbauer, J Anglo-German Differences in Housing Market Fluctuations: The Role of Institutions and Macroeconomic Policy. |
| title | Anglo-German Differences in Housing Market Fluctuations: The Role of Institutions and Macroeconomic Policy. |
| title_full | Anglo-German Differences in Housing Market Fluctuations: The Role of Institutions and Macroeconomic Policy. |
| title_fullStr | Anglo-German Differences in Housing Market Fluctuations: The Role of Institutions and Macroeconomic Policy. |
| title_full_unstemmed | Anglo-German Differences in Housing Market Fluctuations: The Role of Institutions and Macroeconomic Policy. |
| title_short | Anglo-German Differences in Housing Market Fluctuations: The Role of Institutions and Macroeconomic Policy. |
| title_sort | anglo german differences in housing market fluctuations the role of institutions and macroeconomic policy |
| work_keys_str_mv | AT muellbauerj anglogermandifferencesinhousingmarketfluctuationstheroleofinstitutionsandmacroeconomicpolicy |