Predicting Downside Risks to House Prices and Macro-Financial Stability /

This paper predicts downside risks to future real house price growth (house-prices-at-risk or HaR) in 32 advanced and emerging market economies. Through a macro-model and predictive quantile regressions, we show that current house price overvaluation, excessive credit growth, and tighter financial c...

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Detalhes bibliográficos
Autor principal: Deghi, Andrea
Outros Autores: Katagiri, Mitsuru, Shahid, Sohaib, Valckx, Nico
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2020.
coleção:IMF Working Papers; Working Paper ; No. 2020/011
Acesso em linha:Full text available on IMF