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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Dettagli Bibliografici
Autore principale: Deghi, Andrea
Altri autori: Katagiri, Mitsuru, Shahid, Sohaib, Valckx, Nico
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2020.
Serie:IMF Working Papers; Working Paper ; No. 2020/011
Accesso online:Full text available on IMF