Movements in real estate uncertainty in the United States: the role of oil shocks
文献类型：期刊论文
| 作者 | Gupta, Rangan; Sheng, Xin; Ji, Qiang |
| 刊名 | APPLIED ECONOMICS LETTERS
 |
| 出版日期 | 2020 |
| DOI | 10.1080/13504851.2020.1796911 |
| 英文摘要 | In this paper, we analyse the role played by disaggregated oil shocks in driving real estate uncertainty (REU) over the monthly period of 1975:02 to 2017:12, based on impulse response functions generated from the local projection method. We find that the oil-specific consumption demand shock is statistically the strongest predictor of higher future REU, followed by the significant negative impact from the aggregate supply shock, especially for long-run REU. While the oil inventory demand shock has a short-lived positive impact on REU, global economic activity shock virtually plays no role in driving the same. Our results have important implications for policymakers and investors. |
| 语种 | 英语 |
| 源URL | [http://ir.casisd.cn/handle/190111/9748]  |
| 专题 | 中国科学院科技战略咨询研究院 |
| 推荐引用方式 GB/T 7714 | Gupta, Rangan,Sheng, Xin,Ji, Qiang. Movements in real estate uncertainty in the United States: the role of oil shocks[J]. APPLIED ECONOMICS LETTERS,2020. |
| APA | Gupta, Rangan,Sheng, Xin,&Ji, Qiang.(2020).Movements in real estate uncertainty in the United States: the role of oil shocks.APPLIED ECONOMICS LETTERS. |
| MLA | Gupta, Rangan,et al."Movements in real estate uncertainty in the United States: the role of oil shocks".APPLIED ECONOMICS LETTERS (2020). |
入库方式： OAI收割
来源：科技战略咨询研究院
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