We show that three factors combine to explain the mean magnitude of excess sensitivity
reported in studies estimating the consumption response to income changes: the use of …

The withdrawal of foreign capital from emerging countries at the height of the recent financial
crisis and its quick return sparked a debate about the impact of capital flow surges on asset …

Impacts on consumer spending in urban China associated with housing value, housing
equity, financial assets and household income are evaluated using longitudinal data from …

Purpose–The purpose of this paper is to investigate four possible asymmetries in US
aggregate consumption and its major components (durables, non-durables, and services) …

This study investigates the asymmetric effects of housing price on consumption in 35 major
Chinese cities, having regard to heterogeneity of the housing and financial markets. Unlike …

This article summarizes research on the macroeconomic aspects of the housing market. In
terms of the macroeconomic stylized facts, this article demonstrates that with respect to …

Purpose As regards the assessment of the market values of properties that compose real
estate portfolios, the purpose of this paper is to propose and test an automated valuation …

The financial transmission of the USA's housing price bubble has highlighted the
inadequacy of the valuation methods adopted by the credit institutions, due to their static …

Purpose This paper aims to test and compare two innovative methodologies (utility additive
and evolutionary polynomial regression) for mass appraisal of residential properties. The …

The present research takes into account the current and widespread need for rational
valuation methodologies, able to correctly interpret the available market data. An innovative …