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PRODID:-//AMSE//Event Calendar//FR
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UID:event-10508@www.amse-aixmarseille.fr
DTSTAMP:20260317T085911Z
CREATED:20260317T085911Z
LAST-MODIFIED:20260317T085911Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:finance seminar - Konstantin Kholodilin
DTSTART:20231107T093000Z
DTEND:20231107T110000Z
DESCRIPTION:Housing bubbles and crashes are catastrophic events for economi
 es and imply enormous destruction of housing wealth\, financial default ris
 ks\, construction unemployment and business cycle downturns. This paper inv
 estigates whether governmental housing policies and regulation can affect e
 conomies’ propensity to build up speculative house price bubbles. In part
 icular\, we focus on the liberalization effects of rent and credit regulati
 on as well as homeownership and austerity policies. Drawing on long-run tim
 e series from 16 countries since 1870\, we identify speculative price bubbl
 es through explosive root tests\, corroborated by a narrative approach. Est
 imating logit models\, we find that tighter rent and credit controls and mo
 re housing construction make bubbles less likely to emerge by dampening pri
 ce increases\, while certain homeownership subsidies and government austeri
 ty increase the likelihood of bubbles. The paper illustrates the logic of r
 ent\, credit\, homeownership and austerity effects with two case studies.\\
 n\\nContact: Eric Girardin: eric.girardin[at]univ-amu.frGaël Leboeuf: gael
 .leboeuf[at]univ-amu.frChristelle Lecourt: christelle.lecourt[at]univ-amu.f
 r\n\nPlus d'informations: https://www.amse-aixmarseille.fr/en/events/konsta
 ntin-kholodilin-0
LOCATION:MEGA - Salle Carine Nourry\, 424\, Chemin du Viaduc\, 13080 Aix-en
 -Provence
URL;VALUE=URI:https://www.amse-aixmarseille.fr/en/events/konstantin-kholodilin-0
CONTACT:Eric Girardin: eric.girardin[at]univ-amu.frGaël Leboeuf: gael.lebo
 euf[at]univ-amu.frChristelle Lecourt: christelle.lecourt[at]univ-amu.fr
TRANSP:OPAQUE
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