Credit Supply and the Price of Housing

An exogenous expansion in mortgage credit has significant effects on house prices. This finding is established using US branching deregulations between 1994 and 2005 as instruments for credit. Credit increases for deregulated banks, but not in placebo samples. Such differential responses rule out de...

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Bibliographic details
Volume: 105
Main Author: Giovanni Favara
Jean Imbs
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: NASHVILLE American Economic Association 01.03.2015
AMER ECONOMIC ASSOC
published in: The American economic review Vol. 105; no. 3; pp. 958 - 992
Data of publication: 20150301
ISSN: 0002-8282
1944-7981
EISSN: 1944-7981
Discipline: Economics
Law
Subjects:
Online Access: Fulltext
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2015
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