Do stock prices affect house prices? Evidence for the Netherlands
The relationship between stock prices and house prices is investigated by comparing different segments of the Dutch housing market. This connection is strongest for the most expensive segment, and is also related to homeowners' stock market exposure. These findings support the idea that equity is a determinant of house prices.
Volume (Year): 11 (2004)
Issue (Month): 12 ()
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References listed on IDEAS
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- Tamim Bayoumi & Hali Edison, 2003. "Is Wealth Increasingly Driving Consuption?," DNB Staff Reports (discontinued) 101, Netherlands Central Bank.
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Cambridge Working Papers in Economics
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- Koop, Gary & Pesaran, M. Hashem & Potter, Simon M., 1996. "Impulse response analysis in nonlinear multivariate models," Journal of Econometrics, Elsevier, vol. 74(1), pages 119-147, September.
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