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...
| Tác giả chính: | |
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| Tác giả khác: | , , |
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 2009/231 |
| Truy cập trực tuyến: | Full text available on IMF |