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Online Appendix to News-driven housing booms: Spain vs. Germany

Author

Listed:
  • Laurentiu Guinea

    (Departamento de Economía, Universidad Carlos III de Madrid (MADRID) ESPAÑA)

  • Luis A. Puch

    (Instituto Complutense de Análisis Económico (ICAE), Universidad Complutense de Madrid (Spain).)

  • Jesús Ruiz Andújar

    (Departamento de Análisis Económico y Economía Cuantitativa, Universidad Complutense de Madrid (Spain).
    Instituto Complutense de Análisis Económico (ICAE), Universidad Complutense de Madrid (Spain).)

Abstract

This Online Appendix completes the contents of the paper News-driven housing booms: Spain vs. Germany, by Guinea, Puch and Ruiz (2022). Those contents are organized along sections E to F below, following appendixes A to D in the main text. In particular, here we provide results for: (E) Alternative VAR Identification and Alternative Shocks; (F) Responses to the different shocks in the theoretical model; and (G) A detailed characterization of the two-sector model with home production and Investment Specific Technical Change (ISTC). Refer to the journal article DOI: 10.1515/bejm-2021-0116 in The B.E. Journal of Macroeconomics for any details on the contents of this Online Appendix. A permanent link to this document is at Online Appendix.

Suggested Citation

  • Laurentiu Guinea & Luis A. Puch & Jesús Ruiz Andújar, 2022. "Online Appendix to News-driven housing booms: Spain vs. Germany," Documentos de Trabajo del ICAE 2022-04, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    • Handle: RePEc:ucm:doicae:2204
    as

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    File URL: https://eprints.ucm.es/id/eprint/74944/1/2204.pdf
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    References listed on IDEAS

    as
    1. Nir Jaimovich & Sergio Rebelo, 2009. "Can News about the Future Drive the Business Cycle?," American Economic Review, American Economic Association, vol. 99(4), pages 1097-1118, September.
    2. Laurentiu Guinea & Luis A. Puch & Jesús Ruiz, 2019. "News-driven housing booms: Spain vs. Germany," Documentos de Trabajo del ICAE 2019-32, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    3. Greenwood, Jeremy & Hercowitz, Zvi & Huffman, Gregory W, 1988. "Investment, Capacity Utilization, and the Real Business Cycle," American Economic Review, American Economic Association, vol. 78(3), pages 402-417, June.
    4. King, Robert G. & Plosser, Charles I. & Rebelo, Sergio T., 1988. "Production, growth and business cycles : I. The basic neoclassical model," Journal of Monetary Economics, Elsevier, vol. 21(2-3), pages 195-232.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Investment-specific technical change; News shocks; Housing booms; Wealth effects.;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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