Movements in real estate uncertainty in the United States: the role of oil shocks

doi:10.1080/13504851.2020.1796911

CASISD OpenIR

	Movements in real estate uncertainty in the United States: the role of oil shocks
	Gupta, Rangan; Sheng, Xin; Ji, Qiang
发表期刊	APPLIED ECONOMICS LETTERS
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.
	2020
DOI	10.1080/13504851.2020.1796911
语种	英语
引用统计
文献类型	期刊论文
条目标识符	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).