Artikel
Speculative bubble on housing markets: Elements of an early warning system
Excessive speculation on asset markets can cause significant macroeconomic losses in terms of production and employment. Such developments should be detected as early and as reliably as possible in order to enable corrective action through adequate economic policy measures. This is the goal of the early warning system, which was developed by DIW Berlin on behalf of the Federal Ministry of Finance for the housing market. The early warning system predicts price surges on real estate market that were caused by speculation. If speculative price developments are detected quickly, economic policy has enough leeway to find an adequate response and possibly prevent further development of the bubble.
- Sprache
-
Englisch
- Erschienen in
-
Journal: DIW Economic Bulletin ; ISSN: 2192-7219 ; Volume: 1 ; Year: 2011 ; Issue: 4 ; Pages: 3-9 ; Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Business Fluctuations; Cycles
Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
- Thema
-
house prices
early warning system
price bubbles
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dreger, Christian
Kholodilin, Konstantin A.
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Dreger, Christian
- Kholodilin, Konstantin A.
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2011
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