Role of Monetary and Fiscal Policies in Residential Investment: An Empirical Analysis of Japanese Data
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概要
- 論文の詳細を見る
The relationship between macroeconomic activity and residential expenditure over 1976:1 to 2001:1 has been examined in Japan. The analysis is conducted using variance decompositions (VDCs) and historical decompositions (HDs). The VDCs indicate that shocks to money stock, output and interest rates have significant impact on residential expenditure. The paper also compares the relative importance of various macroeconomic variables in determining residential investment using HDs of variance of residuals for the residential investment for three periods (pre bubble period, bubble period and post bubble period).
- 日本地域学会の論文
著者
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TIWARI Piyush
Institute of Policy and Planning Sciences University of Tsukuba
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TIWARI PIYUSH
Institute for Housing Research
関連論文
- Role of Monetary and Fiscal Policies in Residential Investment: An Empirical Analysis of Japanese Data
- Intra-Metropolitan House Price Movements: An Analysis of Stockholm 1981-1993
- Housing Price, Permanent Income, Tenure Choice and Housing Demand in Tokyo