کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
983411 | 934006 | 2011 | 12 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Should the optimal portfolio be region-specific? A multi-region model with monetary policy and asset price co-movements
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Should the optimal portfolio be region-specific? A multi-region model with monetary policy and asset price co-movements Should the optimal portfolio be region-specific? A multi-region model with monetary policy and asset price co-movements](/preview/png/983411.png)
چکیده انگلیسی
A multi-region, dynamic stochastic general equilibrium (MRDSGE) model is built to show that differences in the price elasticity of housing supply can be related to stylized facts on regional differences in (1) house price level, (2) house price volatility, (3) monetary policy propagation mechanism and (4) household asset portfolio. In addition, regional house prices are found to move more closely with regional fundamentals than with the national GDP. The correlation between the national stock price and the regional housing price also vary significantly across regions, which suggests that optimal portfolio should be region specific.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Regional Science and Urban Economics - Volume 41, Issue 3, May 2011, Pages 293–304
Journal: Regional Science and Urban Economics - Volume 41, Issue 3, May 2011, Pages 293–304
نویسندگان
Charles Ka Yui Leung, Wing Leong Teo,