Mortgage Spreads, House Prices, and Business Cycles in Emerging Countries

2018 ◽  
Author(s):  
Jaroslav Horvath ◽  
Philip Rothman
Keyword(s):  
Business Cycles ◽  
House Prices ◽  
Emerging Countries

House prices and business cycles: The case of the UK

2015 ◽  
Vol 19 (2) ◽  
pp. 131-146 ◽  
Author(s):  
Jan R. Kim ◽  
Keunsuk Chung
Keyword(s):  
Business Cycles ◽  
House Prices ◽  
The Uk

scholarly journals ASSESSMENT OF BUBBLES IN THE MALAYSIAN HOUSING MARKET

2017 ◽  
Vol 15 (3) ◽  
Author(s):  
Rohayu Ab. Majid ◽  
Rosli Said ◽  
Chong J.T.S
Keyword(s):  
Business Cycles ◽  
Housing Market ◽  
House Prices ◽  
Housing Affordability ◽  
Residential Property ◽  
Ratio Analysis ◽  
Housing Bubble ◽  
Property Market ◽  
Housing Bubbles ◽  
Year 2000

Property cycle and housing bubble have been a noteworthy subject of discussion since decades ago. The economic and business cycles have been closely associated with the property cycle as the economic and business factors have certain definite effects on the property market. At some point of the property cycle, the housing bubble will occur. The housing bubble is a trend of unreasonable increase of house prices where the increase is supported by factors that are not economics related. It causes the house prices to be intolerable in terms of housing affordability and the bursting of this housing bubble would lead to the crash of the property market. This paper focuses on using the economic indicators to identify the phases of the residential property cycle in Malaysia from the year 2000 to 2012. Having done so, housing bubbles were analysed using ratio analysis for the year 2012. The results show that housing bubble is yet to become a significant threat to our national property market as it only affects certain areas and housing types.

scholarly journals Real Business Cycles in Emerging Countries?

2006 ◽  
Author(s):  
Javier García-Cicco ◽  
Roberto Pancrazi ◽  
Martín Uribe
Keyword(s):  
Business Cycles ◽  
Emerging Countries ◽  
Real Business Cycles

scholarly journals Real Business Cycles in Emerging Countries?

2010 ◽  
Vol 100 (5) ◽  
pp. 2510-2531 ◽  
Author(s):  
Javier García-Cicco ◽  
Roberto Pancrazi ◽  
Martín Uribe
Keyword(s):  
Business Cycles ◽  
Open Economy ◽  
Structural Parameters ◽  
Small Open Economy ◽  
Emerging Countries ◽  
Friction Model ◽  
Financial Friction ◽  
Productivity Shocks ◽  
Real Business Cycles ◽  
Business Cycle Model

We use more than a century of Argentine and Mexican data to estimate the structural parameters of a small-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job of explaining business cycles in emerging countries. We then estimate an augmented model that incorporates shocks to the country premium and financial frictions. We find that the estimated financial-friction model provides a remarkably good account of business cycles in emerging markets and, importantly, assigns a negligible role to nonstationary productivity shocks. (JEL E13, E32, E44, F43, O11, O16)

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