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RBA Glossary definition for capital market

capital market – A market for medium to long-term financial instruments. Financial instruments traded in the capital market include shares, and bonds issued by the Australian Government, State governments, corporate borrowers and financial institutions.

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Housing Prices, Mortgage Interest Rates and the Rising Share of Capital Income in the United States

9 Jun 2016 RDP 2016-04
Gianni La Cava
Research Discussion Paper – RDP 2016-04 Housing Prices, Mortgage Interest Rates and the Rising Share of Capital Income in the United States. ... I explore the determinants of the secular rise in the share of housing capital income (or ‘rental
https://www.rba.gov.au/publications/rdp/2016/2016-04.html

References

14 Jun 2016 RDP 2016-04
Gianni La Cava
Piketty T (2016), ‘Capital, Predistribution and Redistribution’, Crooked Timber blog, 4 January, viewed 6 January 2016. ... Weil DN (2015), ‘Capital and Wealth in the Twenty-First Century’,. The American Economic Review. ,
https://www.rba.gov.au/publications/rdp/2016/2016-04/references.html

Conclusion

14 Jun 2016 RDP 2016-04
Gianni La Cava
In particular, future research could examine the determinants of housing capital income by exploiting the cross-country variation in the institutional arrangements within mortgage and rental markets. ... prices. Figure 10: Non-housing Capital Income.
https://www.rba.gov.au/publications/rdp/2016/2016-04/conclusion.html

Introduction

14 Jun 2016 RDP 2016-04
Gianni La Cava
financial market liberalisation, mortgage interest rates and housing supply constraints on the other. ... rather than an increasing share of market rent paid to landlords (tenant-occupied property).
https://www.rba.gov.au/publications/rdp/2016/2016-04/introduction.html

Data

14 Jun 2016 RDP 2016-04
Gianni La Cava
RDP 2016-04: Housing Prices, Mortgage Interest Rates and the Rising Share of Capital Income in the United States 3. ... I examine several measures of housing capital income that are disaggregated by either state or metropolitan statistical area (MSA).
https://www.rba.gov.au/publications/rdp/2016/2016-04/data.html

Appendix C: Banking Deregulation and Housing Capital Income

14 Jun 2016 RDP 2016-04
Gianni La Cava
prices. Furthermore, the data on housing capital income at the MSA level is of relatively poor quality. ... The timing of deregulation may also be correlated with the supply elasticity of the local housing market.
https://www.rba.gov.au/publications/rdp/2016/2016-04/appendix-c.html

Stylised Facts

14 Jun 2016 RDP 2016-04
Gianni La Cava
Note: Housing capital income measured as the net value added of the housing sector. ... But financing frictions are pervasive in mortgage markets, even those of advanced economies.
https://www.rba.gov.au/publications/rdp/2016/2016-04/stylised-facts.html

The Measurement of Housing Services

14 Jun 2016 RDP 2016-04
Gianni La Cava
RDP 2016-04: Housing Prices, Mortgage Interest Rates and the Rising Share of Capital Income in the United States 2. ... I mainly focus on the long-run trends in housing capital income (κ.
https://www.rba.gov.au/publications/rdp/2016/2016-04/the-measurement-of-housing-services.html

Statistical Evidence

14 Jun 2016 RDP 2016-04
Gianni La Cava
TR. ). Table 3: Net Housing Income and Interest Rates. Net housing capital income. ... observe a negative correlation between CPI inflation and the share of housing capital income.
https://www.rba.gov.au/publications/rdp/2016/2016-04/statistical-evidence.html

Housing Prices, Mortgage Interest Rates and the Rising Share of Capital Income in the United States

1 May 2016 RDP 2016-04
Gianni La Cava
financial market liberalisation, mortgage interest rates and housing supply constraints on the other. ... I mainly focus on the long-run trends in housing capital income (κ.
https://www.rba.gov.au/publications/rdp/2016/2016-04/full.html