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Increased real house price volatility signals break from Great Moderation

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  • Adrienne Mack
  • Enrique Martínez-García

Abstract

The shift toward more volatile real house price growth, unaccompanied by a shift in the volatility of real GDP growth, offers evidence that house price dynamics and real output growth may have diverged beginning around the 2001 recession.

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Bibliographic Info

Article provided by Federal Reserve Bank of Dallas in its journal Economic Letter.

Volume (Year): 7 (2012)
Issue (Month): jan ()
Pages:

as in new window
Handle: RePEc:fip:feddel:y:2012:i:jan:n:v.7no.1

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Keywords: Gross domestic product;

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