Global Liquidity, House Prices, and the Macroeconomy : Evidence from Advanced and Emerging Economies /

In this paper we first compare house price cycles in advanced and emerging economies using a new quarterly house price data set covering the period 1990-2012. We find that house prices in emerging economies grow faster, are more volatile, less persistent and less synchronized across countries than i...

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Xehetasun bibliografikoak
Egile nagusia: Cesa-Bianchi, Ambrogio
Beste egile batzuk: Cespedes, Luis Felipe, Rebucci, Alessandro
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2015.
Saila:IMF Working Papers; Working Paper ; No. 2015/023
Sarrera elektronikoa:Full text available on IMF