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Precio de fundamentos para las viviendas en Uruguay

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Listed:
  • Jorge Ponce

    (Banco Central del Uruguay)

Abstract

This paper proposes a model of fundamentals for the price of housing. The model is calibrated with data for Uruguay. The main findings are that real housing prices fluctuate more that justified by fundamentals, that a fall in fundamental prices anticipate the crisis of the year 2002, and that in the recent period fundamental prices follow a stable trend of positive growth while real housing prices fluctuates around it.

Suggested Citation

  • Jorge Ponce, 2012. "Precio de fundamentos para las viviendas en Uruguay," Documentos de trabajo 2012017, Banco Central del Uruguay.
    • Handle: RePEc:bku:doctra:2012017
    as

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    File URL: https://www.bcu.gub.uy/Estadisticas-e-Indicadores/Documentos%20de%20Trabajo/17.2012.pdf
    File Function: First version, 2012
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    References listed on IDEAS

    as
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    Cited by:

    1. Fernando Borraz & Gerardo Licandro & Jorge Ponce, 2012. "Precios de viviendas. una metodología para evaluar desvíos respecto a sus fundamentos," Documentos de trabajo 2012016, Banco Central del Uruguay.
    2. Bucacos, Elizabeth, 2017. "Financial Conditions and Monetary Policy in Uruguay: An MS-VAR Approach," IDB Publications (Working Papers) 8275, Inter-American Development Bank.
    3. Elizabeth Bucacos, 2018. "Financial Conditions and Monetary Policy in Uruguay: An MS-VAR Approach," MIC 2018: Managing Global Diversities; Proceedings of the Joint International Conference, Bled, Slovenia, 30 May–2 June 2018,, University of Primorska Press.
    4. Graciela Sanroman & Guillermo Santos, 2021. "The joint distribution of income and wealth in Uruguay," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 40(83), pages 609-642, August.

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    More about this item

    Keywords

    Housing price; model of fundamentals; financial stability; Uruguay;
    All these keywords.

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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