House Prices: Analyzing the Effect of Macroeconomic Determinants
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F19%3A10244066" target="_blank" >RIV/61989100:27510/19:10244066 - isvavai.cz</a>
Result on the web
<a href="http://dokbat.utb.cz/wp-content/uploads/2020/01/DOKBAT_2019_Conference_Proceedings.pdf" target="_blank" >http://dokbat.utb.cz/wp-content/uploads/2020/01/DOKBAT_2019_Conference_Proceedings.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.7441/dokbat.2019.069" target="_blank" >10.7441/dokbat.2019.069</a>
Alternative languages
Result language
angličtina
Original language name
House Prices: Analyzing the Effect of Macroeconomic Determinants
Original language description
Since 2015, the EU house prices have increased rapidly, especially in V4 countries, Portugal, Iceland, and Ireland. Even though the growth of house prices may have some positive impacts, e.g. increase in wealth of house owners, it endangers future financial stability and housing affordability. This paper analyses the effect of selected macroeconomic determinants on property prices in 15 European countries over the period 2008 - 2018. It not only theoretically discusses the impact of property market supply and demand factors on house prices, but also empirically employs pooled OLS and fixed effect models to quantify the effects. Overall, we can conclude that growth rate of house prices is pro-cyclical, driven significantly by labour market development and population growth and there is a need for coordination of labour market policy, monetary policy and financial stability. Our model may provide useful information for households, investors and financial stability departments in central banks.
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
—
OECD FORD branch
50200 - Economics and Business
Result continuities
Project
—
Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
DOKBAT : 15th Annual International Bata Conference for Ph.D. Students and Young Researchers : conference proceedings
ISBN
978-80-7454-893-2
ISSN
—
e-ISSN
—
Number of pages
9
Pages from-to
730-738
Publisher name
Univerzita Tomáše Bati ve Zlíně
Place of publication
Zlín
Event location
Zlín
Event date
Nov 6, 2019
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
—