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Income Expectations, Credit to Households, and Property Prices: Evidence from Indonesia and Brazil
We investigate the long-term cointegration relation between residential property prices, household credit expansion, and household income expectations and identify the channels through which income expectation impacts residential property prices in the short term for Indonesia and Brazil. We find that improved income expectations raise the demand for credit, impacting residential property prices. Similar improvements in income expectations also serve as important indicators for credit policy decisions, making more funding available to the household sector against the backdrop of rising
property prices. In the short run, property prices respond significantly to one-time shocks in income expectations in Indonesia, while credit to households responds positively to property prices and private consumption expenditures in Brazil.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.2 - Karya Akhir (Majalah) | 1 |
| Penerbit | Jakarta: Asian Development Bank Institute 2020 |
|---|---|
| Edisi | 13th BMEB Call for Papers Special Issue, Volume 23 |
| Subjek | Indonesia Brazil Income Expectations Households Credit |
| ISBN/ISSN | 2460-9196 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 152 p. |
| Info Detail Spesifik | Bulletin of Monetary Economics and Banking |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |