Housing cycles in Switzerland: A time-varying approach

Research, Preprint English OPEN
Drechsel, Dirk;
(2015)
  • Publisher: Zurich: ETH Zurich, KOF Swiss Economic Institute
  • Related identifiers: doi: 10.3929/ethz-a-010431888
  • Subject: R21 | R31 | time-varying VAR | Economics | C32 | Buildings | Switzerland | house prices | GROSS NATIONAL PRODUCT; GRUNDSTÜCKPREISE + IMMOBILIENPREISE; SUPPLY AND DEMAND IN THE REAL-ESTATE MARKET; BRUTTONATIONALEINKOMMEN; SWITZERLAND (CENTRAL EUROPE). SWISS CONFEDERATION; SCHWEIZ (MITTELEUROPA). SCHWEIZERISCHE EIDGENOSSENSCHAFT; ANGEBOT UND NACHFRAGE/IMMOBILIENMARKT; HYPOTHEKEN; MORTGAGES; LAND PRICES + REAL ESTATE PRICES
    • ddc: ddc:690 | ddc:330

In light of the strong increase of house prices in Switzerland, we analyze the effects of mortgage rate shocks, changes in the interplay between housing demand and supply and GDP growth on house prices for the time period 1981- 2014. We employ Bayesian time-varying coef... View more
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