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In this paper we first compare house price cycles in advanced and emerging economies using a new quarterly house price data set covering the period 1990-2012. We find that house prices in emerging economies grow faster, are more volatile, less persistent and less synchronized across countries than in advanced economies. We also find that they correlate with capital flows more closely than in advanced economies. We then condition the analysis on an exogenous change to a particular component of capital flows. We find that a global liquidity shock, identified by aggregating bank-to-bank cross border flows and by using the external instrumental variable approach of Stock and Watson (2012) and Mertens and Ravn (2013), has a much stronger impact on house prices and consumption in emerging markets than in advanced economies. In our empirical model, holding house prices or the exchange rate constant in response to this shock tends to dampen its effects on consumption in emerging economies.

Housing -- Prices -- Developed countries. --- Housing -- Prices -- United States. --- Housing -- United States -- Costs. --- United States

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"Leading economist Josh-Ryan Collins argues that to understand the housing crisis, we must examine the 'doom loop' that exists between private home ownership and a lightly regulated commercial banking system. The only way out is to rethink how we structure our tax and financial systems and accept that home ownership may not always be the solution"-- "Throughout the western world, a whole generation is being priced out of the housing market. While wages and incomes continue to stagnate for the majority, house prices and rents remain staggeringly high. For millions of people, particularly millennials, the basic goal of acquiring decent, affordable accommodation is a distant dream. In this compelling book, leading economist Josh-Ryan Collins argues that to understand this crisis, we must examine a crucial paradox at the heart of modern capitalism. Two of the key ingredients of contemporary capitalist societies, private home ownership and a lightly regulated commercial banking system, are not mutually compatible. Their interaction leads to a doom loop in which unlimited credit and money flows into an inherently finite supply of viable property, resulting in ever higher house prices. The result is declining levels of home ownership, rising inequality and debt, stagnant growth and financial instability. The only way out of this vicious circle is to radically rethink how we structure our tax and financial systems and accept that home ownership may not always be the solution. This engaging and topical book will be essential reading for anyone who wants to understand why they cant find an affordable home, and what we can do about it"--

Housing --- Mortgage banks. --- Banks and banking. --- Prices. --- Finance. --- Mortgage banks --- Banks and banking --- Prices --- Finance --- Capitalism --- Finance, Personal. --- Home ownership. --- Social aspects. --- Housing - Prices --- Housing - Finance

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Land. Real estate --- Economic geography --- Netherlands --- Housing --- Prices --- Mathematical models. --- -330.05 --- 332.632409492 --- Affordable housing --- Homes --- Houses --- Housing needs --- Residences --- Slum clearance --- Urban housing --- City planning --- Dwellings --- Human settlements --- -Social aspects --- Social aspects --- -Housing --- Housing - Prices - Netherlands. --- Housing - Prices - Netherlands - Mathematical models.

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This report was jointly launched by the National Academy of Economic Strategy of the Chinese Academy of Social Sciences and UN-HABITAT. Using the indicator system and objective data, the competitiveness of 1,035 global cities was evaluated in detail. The report measures the development pattern of global urban competitiveness as a whole, and the gap between the relevant parties and the ideal state. It has refreshed people's past perceptions of urban rankings and confirmed that the science and technology innovation center cities and central cities of emerging economies have begun to break the inherent global cities and they have entered the ranks of the most urban competitiveness. While paying attention to the comparison of competitiveness among cities, this report further promotes the perspective to the pattern and trend change of global economic and social development from the perspective of city. The followings are new findings: First, information technology has increasingly become the primary driving force for urban development; Second, it is the three meridians that divide the global urban population and economic differentiation; Third, the soft links between cities gradually dominate the global urban system; Fourth, the formation of new global cities is beginning.

Housing --- Prices. --- Dwellings --- Home prices --- House prices --- Housing prices --- Residential real estate --- Prices --- Urban economics. --- Sociology, Urban. --- Urban Economics. --- Urban Studies/Sociology. --- Urban sociology --- Cities and towns --- City economics --- Economics of cities --- Economics --- Economic aspects

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This paper assesses house prices in 11 Canadian Census Metropolitan Areas (CMA) using the borrowing-capacity and the net-present-value approaches. The results indicate that by the end of 2018, house prices in most metropolitan areas are aligned with macroeconomic fundamentals. However, in Hamilton, Toronto, and Vancouver house prices have increased beyond the values implied by the fundamentals.

Housing--Prices--Canada. --- Mortgage loans--Canada. --- Real estate investment. --- Investment in real estate --- Real property investment --- Investments --- Land speculation --- Real estate business --- Inflation --- Infrastructure --- Macroeconomics --- Real Estate --- Industries: Financial Services --- Prices, Business Fluctuations, and Cycles: Forecasting and Simulation --- Housing Supply and Markets --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Personal Income, Wealth, and Their Distributions --- Economic Development: Urban, Rural, Regional, and Transportation Analysis --- Housing --- Price Level --- Deflation --- Property & real estate --- Finance --- Housing prices --- Personal income --- Prices --- Financial institutions --- National accounts --- Income --- Saving and investment --- Canada --- Mortgage loans