House prices in many advanced economies have risen substantially in recent decades. But experience indicates that housing prices can diverge from their long-run
House prices in many advanced economies have risen substantially in recent decades. But experience indicates that housing prices can diverge from their long-run
We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronize
We examine the properties of house price fluctuations across eighteen advanced economies over the past forty years. We ask two specific questions: First, how sy
We examine the characteristics and comovement of cycles in house prices, credit, real activity and interest rates in advanced economies during the past 25 years