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...
Call Number: | Libro Electrónico |
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Main Author: | |
Other Authors: | , , , |
Format: | Electronic eBook |
Language: | Inglés |
Published: |
Washington :
International Monetary Fund,
2009.
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Series: | IMF Working Papers.
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Subjects: | |
Online Access: | Texto completo |