Three Cycles : Housing, Credit, and Real Activity /
We examine the characteristics and comovement of cycles in house prices, credit, real activity and interest rates in advanced economies during the past 25 years, using a dynamic generalized factor model. House price cycles generally lead credit and business cycles over the long term, while in the sh...
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| Other Authors: | , , , |
| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2009
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| Series: | IMF Working Papers ;
Working Paper No. 09/231 IMF eLibrary |
| Subjects: |