The Size of the Rental Market and Housing Market Fluctuations

Czerniak, Adam; Rubaszek, Michał

[journal article]

dc.contributor.author	Czerniak, Adam	de
dc.contributor.author	Rubaszek, Michał	de
dc.date.accessioned	2021-10-22T14:35:44Z
dc.date.available	2021-10-22T14:35:44Z
dc.date.issued	2018	de
dc.identifier.uri	https://www.ssoar.info/ssoar/handle/document/75391
dc.description.abstract	The paper investigates whether the size of the rental market affects house prices fluctuations or the volatility of construction sector activity over the business cycle. For that purpose we construct a database of variables describing the housing sector in a group of twelve initial euro area members and ten other OECD countries over the years 1995-2014 and conduct a series of panel regressions. We find that a developed rental market attenuates fluctuations in the housing sector, especially for the common currency area sample. We claim that differences among monetary union countries in terms of rental market developments can be destabilizing as they might lead to heterogeneous response to common shocks.	de
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.subject.ddc	Städtebau, Raumplanung, Landschaftsgestaltung	de
dc.subject.ddc	Landscaping and area planning	en
dc.subject.other	Rental market; Housing sector; Panel data; European Union Statistics on Income and Living Conditions (EU-SILC); UN Yearbooks; UN World Population Prospects; BIS; Eurostat LFS; OECD Economic Outlook no. 100; World Bank WDI; IMF IFS	de
dc.title	The Size of the Rental Market and Housing Market Fluctuations	de
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Open Economies Review
dc.source.volume	29	de
dc.publisher.country	NLD	de
dc.subject.classoz	Wirtschaftssektoren	de
dc.subject.classoz	Economic Sectors	en
dc.subject.classoz	Raumplanung und Regionalforschung	de
dc.subject.classoz	Area Development Planning, Regional Research	en
dc.subject.thesoz	Wohnungsmarkt	de
dc.subject.thesoz	housing market	en
dc.subject.thesoz	Wohnungswesen	de
dc.subject.thesoz	housing	en
dc.subject.thesoz	Wohnungsbau	de
dc.subject.thesoz	housing construction	en
dc.subject.thesoz	Preis	de
dc.subject.thesoz	price	en
dc.subject.thesoz	Kostenentwicklung	de
dc.subject.thesoz	cost trend	en
dc.subject.thesoz	EU-Staat	de
dc.subject.thesoz	EU member state	en
dc.subject.thesoz	OECD-Staat	de
dc.subject.thesoz	OECD member country	en
dc.subject.thesoz	Währungsunion	de
dc.subject.thesoz	monetary union	en
dc.subject.thesoz	Panel	de
dc.subject.thesoz	panel	en
dc.subject.thesoz	Regressionsanalyse	de
dc.subject.thesoz	regression analysis	en
dc.identifier.urn	urn:nbn:de:0168-ssoar-75391-4
dc.rights.licence	Creative Commons - Namensnennung 4.0	de
dc.rights.licence	Creative Commons - Attribution 4.0	en
ssoar.contributor.institution	FDB	de
internal.status	formal und inhaltlich fertig erschlossen	de
internal.identifier.thesoz	10062731
internal.identifier.thesoz	10062744
internal.identifier.thesoz	10044945
internal.identifier.thesoz	10034835
internal.identifier.thesoz	10042241
internal.identifier.thesoz	10058883
internal.identifier.thesoz	10047291
internal.identifier.thesoz	10061837
internal.identifier.thesoz	10054018
internal.identifier.thesoz	10035505
dc.type.stock	article	de
dc.type.document	Zeitschriftenartikel	de
dc.type.document	journal article	en
dc.source.pageinfo	261-281	de
internal.identifier.classoz	1090304
internal.identifier.classoz	20700
internal.identifier.journal	2154
internal.identifier.document	32
internal.identifier.ddc	330
internal.identifier.ddc	710
dc.source.issuetopic	Financial Market Dynamics, Monetary Policy, Investment and Trade: Papers Presented at the Fourth International Symposium in Computational Economics and Finance (Paris, April 14-16, 2016)	de
dc.identifier.doi	https://doi.org/10.1007/s11079-017-9452-1	de
dc.description.pubstatus	Veröffentlichungsversion	de
dc.description.pubstatus	Published Version	en
internal.identifier.licence	16
internal.identifier.pubstatus	1
internal.identifier.review	1
dc.subject.classhort	20700	de
dc.subject.classhort	10900	de
internal.pdf.wellformed	true
internal.pdf.encrypted	false

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Raumplanung und Regionalforschung
Area Development Planning, Regional Research
Wirtschaftssektoren
Economic Sectors

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