Interest rate, Unemployment rate,and House Market in US

被引:0
作者
Ni, Jen-Shi [1 ]
Huang, Shuen-Shi [2 ]
Wen, Yu [3 ]
机构
[1] Takming Univ Sci & Technol, Dept Finance & Taxat, Taipei 11451, Taiwan
[2] Ling Tong Univ, Dept Publ Finance, Taichung 40852, Taiwan
[3] Taipei Univ, Dept Accountancy, Taipei 11451, Taiwan
来源
SOCIAL SCIENCE AND HUMANITY, PT ONE | 2011年 / 5卷
关键词
Subprime Mortgage Crisis; VAR; House Market Index; VECM; Cointegration; PRICES;
D O I
暂无
中图分类号
C [社会科学总论];
学科分类号
03 ; 0303 ;
摘要
The aim of this paper is to find out the relation between interest rate and unemployment rate variables with house market index in US, because global economic crisis due to sub-prime mortgage financial crisis in 2008. This paper use time series method of forecasting volatility of housing market index in the US. We construct VAR model including variables, housing market index, unemployment rate, consumer confidence index, the Dow Jones industrial index, FED interest rate and so on. We founded the house market index in US will be changed 11.7 due to unemployment rate,0.49 due to consumer confidence index, -11.04 due to FED interest rate, 0.3% due to Dow Jones industry index, per one unit change. There are also have long run stable relation between the variables. http://www.ipedr.com/vol5/no1/88-H00179.pdf
引用
收藏
页码:413 / +
页数:3
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