The Housing Market, Macroeconomic Activity, and Financial Innovation: An Empirical Analysis of U.S. Data

Authors

Mark Wheeler, Western Michigan University
Abdur Chowdhury, Marquette UniversityFollow

Document Type

Article

Language

eng

Format of Original

8 p.

Publication Date

11-1993

Publisher

Taylor & Francis (Routledge)

Source Publication

Applied Economics

Source ISSN

0003-6846

Abstract

The relationship between macroeconomic activity and residential expenditure over the period 1959:I to 1991:I has been examined. The analysis is conducted using varriance decompostions [sic] (VDCs) and historical decompostions [sic] (HDs). The VDCs indicate that shocks to the money stock. Output and interest rates have significant impact on residental [sic] expenditure. The HDs indicate that shocks to macroeconomic variable are relatively unimportant in the determination of residential expenditure in the period following the extensive fiancial [sic] deregulation in the early 1980s.

Comments

Applied Economics, Vol. 25, No. 11 (November 1993):1385-1392. DOI.

Recommended Citation

Wheeler, Mark and Chowdhury, Abdur, "The Housing Market, Macroeconomic Activity, and Financial Innovation: An Empirical Analysis of U.S. Data" (1993). Economics Faculty Research and Publications. 266.
https://epublications.marquette.edu/econ_fac/266