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Case, Karl E.

Overview
Works: 86 works in 454 publications in 3 languages and 4,744 library holdings
Genres: Conference proceedings  Case studies  Examinations, questions, etc 
Roles: Honoree, Editor
Classifications: HB171.5, 330
Publication Timeline
Key
Publications about Karl E Case
Publications by Karl E Case
Most widely held works by Karl E Case
Principles of economics by Karl E Case( Book )
246 editions published between 1989 and 2014 in 3 languages and held by 2,728 libraries worldwide
This student-friendly text takes a hands-on approach to economic theory, issues and politics using a lively writing style which engages the student with clear explanations, easy to understand graphs and relevant examples
Property taxation : the need for reform by Karl E Case( Book )
5 editions published in 1978 in English and held by 426 libraries worldwide
Economics and tax policy by Karl E Case( Book )
1 edition published in 1986 in English and held by 231 libraries worldwide
Discrimination in rural housing : economic and social analysis of six selected markets by Janet K Marantz( Book )
7 editions published in 1976 in English and held by 207 libraries worldwide
Housing price dynamics within a metropolitan area by Karl E Case( Book )
14 editions published in 1995 in English and held by 139 libraries worldwide
This paper analyzes the pattern of cross-sectional house price appreciation in the Boston metropolitan area from 1982 to 1994. The empirical results are consistent with many of the predictions of a standard urban model in which towns have a fixed set of locational attributes and amenities. In particular, the evidence suggests that house prices in towns with a large share of residents working in the manufacturing sector in 1980 grew less quickly in the ensuing years when aggregate manufacturing employment fell. As baby boomers moved into middle age, house values appreciated faster in towns with a larger initial percentage of middle-aged residents. Housing values rose more slowly in towns that allowed additional construction, and values rose faster in towns closer to Boston. Finally, as fewer families had children who attended public schools statewide, the price premium associated with housing in towns with good schools fell. All of these findings support the view that town amenities and public services are not easily replicated or quickly adaptable to shifts in demand, even within a metropolitan area
Housing markets and the economy : risk, regulation, and policy : essays in honor of Karl E. Case ( Book )
5 editions published in 2009 in English and held by 123 libraries worldwide
Principios de microeconomía by Karl E Case( Book )
11 editions published between 1997 and 2012 in Spanish and English and held by 87 libraries worldwide
Comparing wealth effects : the stock market versus the housing market by Karl E Case( Book )
14 editions published in 2001 in English and held by 82 libraries worldwide
We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years and a panel of U.S. states observed quarterly during the 1980s and 1990s. We impute the aggregate value of owner-occupied housing, the value of financial assets, and measures of aggregate consumption for each of the geographic units over time. We estimate regressions relating consumption to income and wealth measures, finding a statistically significant and rather large effect of housing wealth upon household consumption
Mortgage default risk and real estate prices : the use of index-based futures and options in real estate by Karl E Case( Book )
10 editions published in 1995 in English and held by 78 libraries worldwide
Evidence is shown, using US foreclosure data by state 1975-93, that periods of high default rates on home mortgages strongly tend to follow real estate price declines or interruptions in real estate price increase. The relation between price decline and foreclosure rates is modelled using a distributed lag. Using this model, holders of residential mortgage portfolios could hedge some of the risk of default by taking positions in futures or options markets for residential real estate prices, were such markets to be established
Property tax limits and local fiscal behavior : did Massachusetts cities and towns spend too little on town services under Proposition 2 1/2? by Katharine L Bradbury( Book )
2 editions published in 1997 in English and held by 63 libraries worldwide
Forecasting prices and excess returns in the housing market by Karl E Case( Book )
3 editions published in 1990 in English and held by 44 libraries worldwide
Abstract: over one year tend to continue for one more year in the same direction
Prices of single family homes since 1970 : new indexes for four cities by Karl E Case( Book )
3 editions published in 1987 in English and held by 42 libraries worldwide
This paper uses data on nearly a million homes sold in four metropolitan areas -- Atlanta, Chicago, Dallas and San Francisco -- to construct quarterly indexes of existing home prices between 1970 and 1986. We propose and apply a new method of constructing such indexes which we call the weighted repeat sales method (WRS). We believe the results give an accurate picture of the actual rate of appreciation in home prices in the four cities. The paper explains the construction of the index, discusses the results and compares them with the National Association of Realtors data on the median price of existing single family homes for the period 1981 - 1986
The efficiency of the market for single family homes by Karl E Case( Book )
6 editions published between 1988 and 1989 in English and held by 41 libraries worldwide
Tests of weak-form efficiency of the market for single family homes are performed using data on repeat sales prices of 39,210 individual homes, each for two sales dates. Tests were done for Atlanta, Chicago, Dallas, and San Francisco/Oakland for 1970-86. While evidence for seasonality in real housing prices is weak, we do find some evidence of inertia in housing prices. A city-wide real log price index change in a given year tends to be followed by a city-wide real log price index change in the same direction (and between a quarter to a half as large in magnitude) in the subsequent year. However, the inertia cannot account for much of the variation in individual housing real price changes. There is so much noise in individual housing prices relative to city-wide price index changes that the R[squared] in forecasting regressions for annual real price change in individual homes is never more than .04
The behavior of home buyers in boom and post boom markets by Karl E Case( Book )
8 editions published between 1988 and 1989 in English and held by 40 libraries worldwide
A questionnaire survey looked at home buyers in May 1988 in two "boom" cities currently experiencing rapid price increases (Anaheim and San Francisco), a "post-boom" city whose home prices are stable or falling a couple years after rapid price increase (Boston) and a "control" city where home prices had been very stable (Milwaukee). Home buyers in the boom cities had much higher expectations for future price increases, and were more influenced by investment motives. The interpretations that people place on the boom are not usually related to any concrete news event; there are instead oft-repeated cliches about home prices. This suggests that sudden real estate booms have, at least in part, a social, rather than rational or economic, basis. There is evidence for excess demand in boom markets and excess supply in the post-boom market; there appear to be various reasons for this: notions of fairness, intrinsic worth, popular theories about prices, coordination problems, and simple mistakes
FAIRMODEL student manual : an economic laboratory in theory, policy, and forecasting by Anthony J Blackburn( Book )
3 editions published in 1985 in English and held by 38 libraries worldwide
Wealth effects revisited 1978-2009 by Karl E Case( file )
6 editions published in 2011 in English and held by 36 libraries worldwide
We re-examine the link between changes in housing wealth, financial wealth, and consumer spending. We extend a panel of U.S. states observed quarterly during the seventeen-year period, 1982 through 1999, to the thirty-one year period, 1978 through 2009. Using techniques reported previously, we impute the aggregate value of owner-occupied housing, the value of financial assets, and measures of aggregate consumption for each of the geographic units over time. We estimate regression models in levels, first differences and in error-correction form, relating per capita consumption to per capita income and wealth. We find a statistically significant and rather large effect of housing wealth upon household consumption. This effect is consistently larger than the effect of stock market wealth upon consumption. This reinforces the conclusions reported in our previous analysis. In contrast to our previous analysis, however, we do find -- based on data which include the recent volatility in asset markets -- that the effects of declines in housing wealth in reducing consumption are at least as large as the effects of increases in housing wealth in increasing the course of household consumption
Wealth effects revisited, 1975-2012 by Karl E Case( file )
4 editions published in 2013 in English and held by 31 libraries worldwide
We re-examine the links between changes in housing wealth, financial wealth, and consumer spending. We extend a panel of U.S. states observed quarterly during the seventeen-year period, 1982 through 1999, to the thirty-seven year period, 1975 through 2012Q2. Using techniques reported previously, we impute the aggregate value of owner-occupied housing, the value of financial assets, and measures of aggregate consumption for each of the geographic units over time. We estimate regression models in levels, first differences and in error-correction form, relating per capita consumption to per capita income and wealth. We find a statistically significant and rather large effect of housing wealth upon household consumption. This effect is consistently larger than the effect of stock market wealth upon consumption. In our earlier version of this paper we found that households increase their spending when house prices rise, but we found no significant decrease in consumption when house prices fall. The results presented here with the extended data now show that declines in house prices stimulate large and significant decreases in household spending. The elasticities implied by this work are large. An increase in real housing wealth comparable to the rise between 2001 and 2005 would, over the four years, push up household spending by a total of about 4.3%. A decrease in real housing wealth comparable to the crash which took place between 2005 and 2009 would lead to a drop of about 3.5%
What have they been thinking? home buyer behavior in hot and cold markets by Karl E Case( file )
4 editions published in 2012 in English and held by 31 libraries worldwide
Questionnaire surveys we have undertaken in 1988 and annually 2003-2012 of recent homebuyers in each of four U.S. cities shed light on their expectations and reasons for buying and selling during the recent housing boom and subsequent collapse, and on the reasons for the housing crisis that initiated the current financial malaise. We find that homebuyers were generally well informed, and that their short-run expectations if anything underreacted to the year-to-year change in actual home prices. More of the root causes of the bubble can be seen in their long-term, ten-year, home price expectations, which reached abnormal levels relative to the mortgage rate at the peak of the boom and declined sharply since. The downward turning point around 2005 of the long boom that preceded the crisis was associated with changing public understanding of speculative bubbles
Does need-based student aid discourage saving for college? by Karl E Case( Book )
1 edition published in 1986 in English and held by 28 libraries worldwide
Fundamentos de economía by Karl E Case( Book )
3 editions published between 1992 and 1993 in Spanish and held by 27 libraries worldwide
 
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Alternative Names
Case, K. E. 1946-
Case, Karl E. jun. 1946-
Languages
English (342)
Spanish (12)
Chinese (1)
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