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

Evidence from Advanced and Emerging Economies

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 in advanced economies. We also find that they... READ MORE...

Publication date: January 2015
ISBN 9781484346037
$18.00

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