Irrational exuberance in the U.S. housing market [[electronic resource] ] : were evangelicals left behind? / / prepared by Christopher Crowe
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| Autore: |
Crowe Christopher (Christopher W.)
|
| Titolo: |
Irrational exuberance in the U.S. housing market [[electronic resource] ] : were evangelicals left behind? / / prepared by Christopher Crowe
|
| Pubblicazione: | [Washington, DC], : International Monetary Fund Research Dept., c2009 |
| Descrizione fisica: | 1 online resource (32 p.) |
| Soggetto topico: | Housing - Prices - United States |
| Evangelicalism | |
| Economics - Religious aspects - Christianity | |
| Soggetto genere / forma: | Electronic books. |
| Note generali: | "March 2009". |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | Contents; I. Introduction; Figures; 1. House Price Volatility and Evangelical Population; 2. Average House Price Growth; II. Evangelicals and House Price Volatility; A. Empirical Specification and Results; Tables; 1. Descriptive Statistics; B. Discussion; 2. Regression Results; III. 9/11 Event Study; IV. Panel Study; A. Model and Predictions; 3. Quarterly House Price Growth and Share of Evangelicals; 4. The Rapture Index and Subcategories; B. Data and Empirical Strategy; 5. The Rapture Index; C. Results and Discussion; 3. Descriptive Statistics; 4. Regression Results |
| V. End Times Beliefs and Asset Holdings5. Counterfactual Exercise; 6. Regression Results; VI. Conclusions; References; Appendix I. Data Descriptions and Sources | |
| Sommario/riassunto: | The recent housing bust has reignited interest in psychological theories of speculative excess (Shiller, 2007). I investigate this issue by identifying a segment of the U.S. population-evangelical protestants-that may be less prone to speculative motives, and uncover a significant negative relationship between their population share and house price volatility. Evangelicals' focus on Biblical prophecy could account for this difference, since it may enable them to interpret otherwise negative events as containing positive news, dampening the response of house prices to shocks. I provide evidence |
| Titolo autorizzato: | Irrational exuberance in the U.S. housing market |
| ISBN: | 1-4623-4064-4 |
| 1-4527-2081-9 | |
| 1-4518-7204-6 | |
| 1-282-84278-1 | |
| 9786612842788 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910464233603321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF working paper ; ; WP/2009/57.