# name
Financial and Macroeconomic Uncertainties and Real Estate Markets

# metadata.dc.description.abstract[].value
We study the effect of macroeconomic and financial U.S. uncertainty shocks on international housing markets using a multi-country FAVAR model. This approach allows the identification of the effects of different sources of uncertainty on the global economy by imposing natural contemporaneous restrictions on the data generating process, which cannot be used within a single-country perspective. We find that financial uncertainty has an immediate negative effect on most REIT markets around the world lasting between one and three quarters. The effect of macroeconomic uncertainty is diverse.(...)

# metadata.dc.publisher[].value
Universitat de Barcelona. Facultat d'Economia i Empresa

# metadata.dc.rights[].value
cc-by-nc-nd, (c) Gómez-González et al., 2021

# metadata.dc.source[].value
Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

# metadata.dc.title[].value
Financial and Macroeconomic Uncertainties and Real Estate Markets