scholarly journals How do House Prices Affect Consumption? Evidence from Micro Data

2004 ◽  
Author(s):  
John Y. Campbell ◽  
Joao F. Cocco
Keyword(s):  
House Prices ◽  
Micro Data

scholarly journals The Housing Market (s) of San Diego

2015 ◽  
Vol 105 (4) ◽  
pp. 1371-1407 ◽  
Author(s):  
Tim Landvoigt ◽  
Monika Piazzesi ◽  
Martin Schneider
Keyword(s):  
Cross Section ◽  
San Diego ◽  
House Prices ◽  
Credit Market ◽  
San Diego County ◽  
Micro Data ◽  
Assignment Model ◽  
Metro Area ◽  
Poor Households ◽  
Credit Market Frictions

This paper uses an assignment model to understand the cross section of house prices within a metro area. Movers’ demand for housing is derived from a life-cycle problem with credit market frictions. Equilibrium house prices adjust to assign houses that differ by quality to movers who differ by age, income, and wealth. To quantify the model, we measure distributions of house prices, house qualities, and mover characteristics from micro-data on San Diego County during the 2000s boom. The main result is that cheaper credit for poor households was a major driver of prices, especially at the low end of the market. (JEL D14, D91, R21, R31)

scholarly journals How do house prices affect consumption? Evidence from micro data

2007 ◽  
Vol 54 (3) ◽  
pp. 591-621 ◽  
Author(s):  
John Y. Campbell ◽  
João F. Cocco
Keyword(s):  
House Prices ◽  
Micro Data

Evaluation of Fiscal Policy Effect of China’s Photovoltaic Industry

2018 ◽  
pp. 111-116 ◽  
Author(s):  
Gang AN ◽  
Hang WANG
Keyword(s):  
Fiscal Policy ◽  
Research And Development ◽  
Operating Performance ◽  
Fiscal Policies ◽  
Micro Data ◽  
Policy Effect ◽  
Policy Suggestions ◽  
Asset Size ◽  
The Empirical Analysis

To explore the role of fiscal policies in promoting the development of photovoltaic industry, the effects of financial subsidies on the development of China’s photovoltaic industry were analyzed by using the micro data of listed companies. The empirical analysis results in this study indicate that the fiscal policies represented by financial subsidies play a remarkable positive impetus function and financial subsidies are positively correlated with the operating performance of Photovoltaic enterprises. With larger the asset size and higher the Research and Development (R&D) investments, the operating performance of Photovoltaic enterprises is the better. Based on the above results, this study puts forward some policy suggestions on optimizing fiscal policy tools and further promoting the development of photovoltaic industry.

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