A Retrospective Analysis of the House Prices Macro-Relationship in the United States / Ibrahim Ahamada
Mitwirkende(r): Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Verlag: Washington, D.C : The World Bank, 2013Beschreibung: Online-Ressource (19 p)Andere physische Formen: Ahamada, Ibrahim: A Retrospective Analysis of the House Prices Macro-Relationship in the United States DOI: DOI: 10.1596/1813-9450-6549Online-Ressourcen: Zusammenfassung: This study provides empirical evidence on the strengthening of the impact of house prices on the US macroeconomy. The stability of the house prices macro-link is tested in a small-dimensional vector autoregressive model over the last fifty years. The estimated break-points are used to split the sample into different segments and a multivariate time series analysis is performed within subsamples. The paper finds a robust structural break in the mid-1980s. In addition, time series analysis across segments provides evidence that the effect of house prices, not only on private consumption, but also on economic activity, has intensified since the mid-1980sPPN: PPN: 834979292Package identifier: Produktsigel: ZDB-1-WBA | ZDB-110-WBLDieser Titel hat keine Exemplare
Reproduktion, 2013. (World Bank eLibrary) |2013||||||||||