Time-varying role of macroeconomic shocks on house prices in the US and UK: evidence from over 150 years of data
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DOI: 10.1007/s00181-018-1581-x
Abstract: In this paper, we study the effect of macroeconomic shocks in the determination of house prices. Focusing on the US and the UK housing market, we employ time-varying vector autoregression models using Bayesian methods covering… read more here.
Keywords: time varying; house prices; macroeconomic shocks; shocks house ... See more keywords