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01642cas a2200241 a 4500 |
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AALejournalIMF008400 |
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|c 5.00 USD
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|z 9781451814170
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|a 1934-7685
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| 040 |
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
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|a United Kingdom :
|b Selected Issues.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2003.
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| 300 |
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|a 1 online resource (60 pages)
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|a IMF Staff Country Reports
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| 500 |
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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| 500 |
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This Selected Issues paper examines the factors determining housing prices in the United Kingdom. Based on econometric evidence, the paper assesses whether recent housing price increases can be explained by fundamentals or whether they represent a temporary overshooting of housing prices, characteristic of a bubble. The paper estimates a simple error-correction model that describes the dynamics of real housing prices since the 1970s. Estimation results suggest that earnings and interest rates are the key determinants of housing prices, and that changes in real housing prices exhibit a large degree of persistence.
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| 538 |
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|a Mode of access: Internet
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|a IMF Staff Country Reports; Country Report ;
|v No. 2003/047
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/002/2003/047/002.2003.issue-047-en.xml
|z IMF e-Library
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