Publicação

Spillovers from the oil sector to the housing market cycle

Ver documento

Detalhes bibliográficos
Resumo:We assess the spillovers from the oil sector to the housing market cycle using quarterly data for 20 net oil-exporting and -importing industrial countries, and employing continuous- and discrete-time duration models. We do not uncover a statistically significant difference in the average duration of booms and normal times in the housing markets of those net oil-importers and net oil-exporters. Similarly, the degree of exposure to commodity price fluctuations does not seem to significantly affect the housing market cycle. However, we find that housing booms are shorter when oil prices increase than housing busts when oil prices decrease. We also show that the net oil-importers are more vulnerable to protracted housing slump episodes than the net-oil exporters.
Autores principais:Agnello, Luca
Outros Autores:Castro, Vítor; Hammoudeh, Shawkat; Sousa, Ricardo M.
Assunto:Housing booms and busts Normal times Duration analysis Oil prices Ciências Sociais::Economia e Gestão C: Mathematical and Quantitative Methods::C4: Econometric and Statistical Methods: Special Topics::C41: Duration Analysis • Optimal Timing Strategies E: Macroeconomics and Monetary Economics::E3: Prices, Business Fluctuations, and Cycles::E32: Business Fluctuations • Cycles E: Macroeconomics and Monetary Economics::E5: Monetary Policy, Central Banking, and the Supply of Money and Credit::E51: Money Supply • Credit • Money Multipliers E: Macroeconomics and Monetary Economics::E5: Monetary Policy, Central Banking, and the Supply of Money and Credit::E52: Monetary Policy
Ano:2017
País:Portugal
Tipo de documento:artigo
Tipo de acesso:acesso restrito
Instituição associada:Universidade do Minho
Idioma:inglês
Origem:RepositóriUM - Universidade do Minho

Registos relacionados

Registos relacionados