Sources: Eurostat, ECB and ECB professionals computations.Notes: The charts inform you “smoothed” projected partial-elasticities off house prices and property capital in order to a-1 fee point upsurge in the loan rates, using linear regional forecasts. The fresh projections become real GDP, the brand new HICP, a preliminary-title interest and you will houses financing while the control variables and are usually projected with the months running about first quarter out-of 1995 towards the last quarter regarding 2019 (we.e. Continue reading Graph sixteen: Estimated semi-elasticities off house costs and you can property money so you can a-1 fee point upsurge in the loan speed
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Graph sixteen: Estimated semi-elasticities off house costs and you can property money so you can a-1 fee point upsurge in the loan speed