Chart 16: Estimated semi-elasticities of home cost and you will housing resource to a-1 fee part rise in the loan speed

Chart 16: Estimated semi-elasticities of home cost and you will housing resource to a-1 fee part rise in the loan speed

Sources: Eurostat, ECB and ECB staff computations.Notes: The fresh maps show “smoothed” projected partial-elasticities from domestic cost and homes financing so you can a 1 percentage point escalation in the loan rate, having fun with linear local projections. This new projections become real GDP, the new HICP, a short-name interest rate and you may construction finance due to the fact control variables consequently they are projected into months powering regarding first quarter regarding 1995 into past quarter regarding 2019 (we.elizabeth. (más…)