This paper analyzes the duration of house price upturns and downturns in the last 40 years for 19 OECD countries. Both upturns and downturns display duration dependence: they are more likely to end as their duration increases. Downturns display also lagged duration dependence: they are less likely to end if the previous upturn was particularly long. These patterns are consistent with a boom-bust view of housing price dynamics, where booms represent departures from fundamentals that are increasingly difficult to sustain and busts serve as readjustment periods. Findings are robust to the inclusion of macroeconomic variables, which allow for the estimation of additional determinants of house price expansions and contractions
Purpose - The study looks at the characteristics of upswings and downswings for UK housing cycles. S...
This paper studies the dynamic relationship among house prices, income and interest rates in 15 OECD...
This paper studies the dynamic relationship among house prices, income and interest rates in 15 OECD...
This paper analyzes the duration of house price upturns and downturns in the last 40 years for 19 OE...
We assess the existence of duration dependence in the likelihood of an end in housing booms, busts a...
We assess the existence of duration dependence in the likelihood of an end in housing booms, busts a...
We assess the existence of duration dependence in the likelihood of an end in housing booms, busts a...
We assess the existence of duration dependence in the likelihood of an end in housing booms, busts, ...
We assess the existence of duration dependence in the likelihood of an end in housing booms, busts, ...
We assess the existence of duration dependence in the likelihood of an end in housing booms, busts, ...
In this paper, we assess the characteristics of the housing market and its main determinants. Using ...
In this paper, we assess the characteristics of the housing market and its main determinants. Using ...
In this paper, we assess the characteristics of the housing market and its main determinants. Using ...
In this paper, I empirically study the amplitudes and durations of housing cycles in selected emergi...
In this paper, we assess the characteristics of the housing market and its main determinants. Using ...
Purpose - The study looks at the characteristics of upswings and downswings for UK housing cycles. S...
This paper studies the dynamic relationship among house prices, income and interest rates in 15 OECD...
This paper studies the dynamic relationship among house prices, income and interest rates in 15 OECD...
This paper analyzes the duration of house price upturns and downturns in the last 40 years for 19 OE...
We assess the existence of duration dependence in the likelihood of an end in housing booms, busts a...
We assess the existence of duration dependence in the likelihood of an end in housing booms, busts a...
We assess the existence of duration dependence in the likelihood of an end in housing booms, busts a...
We assess the existence of duration dependence in the likelihood of an end in housing booms, busts, ...
We assess the existence of duration dependence in the likelihood of an end in housing booms, busts, ...
We assess the existence of duration dependence in the likelihood of an end in housing booms, busts, ...
In this paper, we assess the characteristics of the housing market and its main determinants. Using ...
In this paper, we assess the characteristics of the housing market and its main determinants. Using ...
In this paper, we assess the characteristics of the housing market and its main determinants. Using ...
In this paper, I empirically study the amplitudes and durations of housing cycles in selected emergi...
In this paper, we assess the characteristics of the housing market and its main determinants. Using ...
Purpose - The study looks at the characteristics of upswings and downswings for UK housing cycles. S...
This paper studies the dynamic relationship among house prices, income and interest rates in 15 OECD...
This paper studies the dynamic relationship among house prices, income and interest rates in 15 OECD...