Recurring patterns in the run-up to house price busts
AbstractWe present evidence that shows that large increases in credit and residential investment shares, along with deteriorating current account balances, provide useful leading indicators of house price busts. These variables also explain cross-sectional patterns in the build-up to the 2007 crisis. Interestingly, movements in output and inflation have little ability to predict house price busts.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Applied Economics Letters.
Volume (Year): 18 (2011)
Issue (Month): 2 ()
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Web page: http://www.tandf.co.uk/journals/routledge/13504851.html
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- De Bruyne, Karolien & Van Hove, Jan, 2013.
"Explaining the spatial variation in housing prices: an economic geography approach,"
Open Access publications from Katholieke Universiteit Leuven
urn:hdl:123456789/329755, Katholieke Universiteit Leuven.
- Karolien De Bruyne & Jan Van Hove, 2013. "Explaining the spatial variation in housing prices: an economic geography approach," Applied Economics, Taylor and Francis Journals, vol. 45(13), pages 1673-1689, May.
- De Bruyne, Karolien & Van Hove, Jan, 2006. "Explaining the spatial variation in housing prices: an economic geography approach," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/120539, Katholieke Universiteit Leuven.
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