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Increased real house price volatility signals break from Great Moderation

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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.

Suggested Citation

  • Adrienne Mack & Enrique Martínez García, 2012. "Increased real house price volatility signals break from Great Moderation," Economic Letter, Federal Reserve Bank of Dallas, vol. 7(1), January.
  • Handle: RePEc:fip:feddel:y:2012:i:jan:n:v.7no.1
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    Cited by:

    1. Isaiah Hull & Conny Olovsson & Karl Walentin & Andreas Westermark, 2022. "Manufacturing Decline and House Price Volatility," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 45, pages 264-281, July.

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    Keywords

    Gross domestic product; housing prices;

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