Three Cycles : Housing, Credit, and Real Activity /
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...
| Glavni avtor: | |
|---|---|
| Drugi avtorji: | , , |
| Format: | Revija |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2009.
|
| Serija: | IMF Working Papers; Working Paper ;
No. 2009/231 |
| Online dostop: | Full text available on IMF |