Three Cycles.

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, using a dynamic generalized factor model. House price cycles generally lead credit and business cycles over the long term, while in the sh...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Tamirisa, Natalia T.
Otros Autores: Kabundi, Alain N., Igan, Deniz, Nadal-De Simone, Francisco, Pinheiro, Marcelo
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Business cycles.
Consumer credit.
International economic relations.
Cycles économiques.
Crédit à la consommation.
Business cycles
Consumer credit
International economic relations
Acceso en línea:Texto completo
Descripción
Sumario: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, using a dynamic generalized factor model. House price cycles generally lead credit and business cycles over the long term, while in the short to medium term the relationship varies across countries. Interest rates tend to lag other cycles at all time horizons. While global factors are important, the U.S. business cycle, house price cycle and interest rate cycle generally lead the respective cycles in other countries over all time hori.
Descripción Física:1 online resource (45 pages)
ISBN:9781452784366
1452784361

Ejemplares similares