This paper addresses the problem of how to estimate market demand functions for finance in the presence of rationing within the context of the U.K. house mortgage market. Two distinct approaches are outlined. The first, ...
Sims' innovation-accounting techniques are used to investigate the relationship between housing starts and mortgage availability using U.S. monthly data over 1967-1984. First, a four variable vector autoregression is ...
The four papers in this symposium were originally presented at the Fifth Annual Economic Policy Conference of the Dublin Economics Workshop held in Killarney on October 15-17 1982 and are published together in this Policy ...