---
title: Real Estate Prices and Global Shock
url: https://www.ml-quant.com/papers/repec/zbw-cfswop-285368/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:zbw:cfswop:285368
source_url: https://econpapers.repec.org/scripts/redir.pf?u=https%3A%2F%2Fwww.econstor.eu%2Fbitstream%2F10419%2F285368%2F1%2F1883088372.pdf%3Bh%3Drepec%3Azbw%3Acfswop%3A285368
featured: 2024-04-24
citations: unknown
topic: Asset Pricing & Factors
---


# Real Estate Prices and Global Shock

The study finds that the 2020 pandemic had only temporary negative effects on German real estate rents and increased asset prices, using causal machine learning.

- Source: https://econpapers.repec.org/scripts/redir.pf?u=https%3A%2F%2Fwww.econstor.eu%2Fbitstream%2F10419%2F285368%2F1%2F1883088372.pdf%3Bh%3Drepec%3Azbw%3Acfswop%3A285368
- Identifier: RePEc:zbw:cfswop:285368
- Released: 2022-10-18
- First featured: Quant Letter No. 46 (2024-04-24): https://www.ml-quant.com/issues/2024-04-24/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Asset Pricing & Factors

## Related

- [Bubble economics](https://www.ml-quant.com/papers/arxiv/2311.03638/): Nonstationary Phenomenon: The article discusses the theory of rational asset price bubbles, highlighting that bubbles linked to real assets like stocks and housing are nonstationary phenomena tied to unbalanced growth.
- [National Housing Market Bubble in the United States](https://www.ml-quant.com/papers/repec/cup-macdyn-v-27-y-2023-i-8-p-2191-2228-7/): The study uses a dynamic factor model to examine the role of the national factor in US house price fluctuations, hinting at a possible national bubble since 2014.
- [US House Price Dynamics](https://www.ml-quant.com/papers/repec/bla-reesec-v-52-y-2024-i-2-p-434-485/): The article presents a new estimator that includes cross-sectional heterogeneity and dependency in machine learning, greatly enhancing the prediction of house prices and detection of housing market bubbles.
- [Real Estate Exposure Analysis](https://www.ml-quant.com/papers/ssrn/4947546/): Research shows both listed and unlisted real estate assets can protect against inflation, with listed real estate more exposed to short-term risk premium shocks.
- [Macro Strikes Back: Term Structure of Risk Premia and Market Segmentation](https://www.ml-quant.com/papers/ssrn/4752696/): A unified framework reveals that most macroeconomic factors have increasing unconditional term structures with large risk premia at business cycle horizons.
- [In Search of the True Greenium](https://www.ml-quant.com/papers/ssrn/4744608/): The study introduces a robust green score and expected returns to calculate the greenium, the expected return of green securities compared to brown, which is found to be more negative in greener countries and over time.
