Monday, April 3, 2017
The IMF’s latest report on Netherlands points out the following:
The IMF’s latest report on Netherlands points out the following:
Posted by 2:32 PM
atLabels: Global Housing Watch
Friday, March 31, 2017
A partial summary of the IMF’s work on inclusive growth (partial to my work).
A partial summary of the IMF’s work on inclusive growth (partial to my work).
Posted by 10:24 AM
atLabels: Inclusive Growth
Thursday, March 30, 2017
From a new IMF working paper:
“There are, by now, several long term, time series data sets on important housing & macro variables, such as land prices, house prices, and the housing wealth-to-income ratio. However, an appropriate theory that can be employed to think about such data and associated research questions has been lacking. We present a new housing & macro model that is designed specifically to analyze the long term. As an illustrative application, we demonstrate that the calibrated model replicates, with remarkable accuracy, the historical evolution of housing wealth (relative to income) after World War II and suggests a further considerable increase in the future. The model also accounts for the close connection of house prices to land prices in the data. We also compare our framework to the canonical housing & macro model, typically employed to analyze business cycles, and highlight the main differences.”
From a new IMF working paper:
“There are, by now, several long term, time series data sets on important housing & macro variables, such as land prices, house prices, and the housing wealth-to-income ratio. However, an appropriate theory that can be employed to think about such data and associated research questions has been lacking. We present a new housing & macro model that is designed specifically to analyze the long term.
Posted by 6:17 PM
atLabels: Global Housing Watch
Build a new data set and the users will come. At least that’s what my co-authors and I hope will be the case with this new data set on services exports that we released yesterday. More to come on this topic in coming days.
Build a new data set and the users will come. At least that’s what my co-authors and I hope will be the case with this new data set on services exports that we released yesterday. More to come on this topic in coming days.
Posted by 6:06 PM
atLabels: Inclusive Growth
Wednesday, March 29, 2017
“Supply-side bottlenecks need to be addressed to improve housing affordability and contain macrofinancial risks. Housing prices are very high, posing a vulnerability while disproportionately affecting low-income households. Reforms should improve municipal incentives for development, ensure adequate land privatization and urban renewal, shorten approval times and reduce construction costs. Macroprudential policies are appropriately tight and the Bank of Israel should monitor developments closely”, says IMF’s latest report on Israel.
“Supply-side bottlenecks need to be addressed to improve housing affordability and contain macrofinancial risks. Housing prices are very high, posing a vulnerability while disproportionately affecting low-income households. Reforms should improve municipal incentives for development, ensure adequate land privatization and urban renewal, shorten approval times and reduce construction costs. Macroprudential policies are appropriately tight and the Bank of Israel should monitor developments closely”, says IMF’s latest report on Israel.
Posted by 6:15 PM
atLabels: Global Housing Watch
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