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Global housing cycles
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| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | Global housing cycles/ [prepared by] Deniz Igan and Prakash Loungani. |
| 개인저자 | Igan, Deniz,author. Loungani, Prakash,author, |
| 단체저자명 | International Monetary Fund. Research Department. |
| 발행사항 | [Place of publication not identified]: International Monetary Fund, 2012. |
| 형태사항 | 1 online resource: illustrations. |
| 총서사항 | IMF working paper;WP/12/217 |
| ISBN | 1475528094 9781475528091 |
| 서지주기 | Includes bibliographical references. |
| 요약 | Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements. Empirical analysis shows that house price dynamics are mostly driven by income and demographics but fluctuations in these fundamentals and credit conditions can create deviations from the implied equilibrium path. We conclude with a discussion of the macroeconomic implications of house price corrections. |
| 일반주제명 | Housing --Prices. Business cycles. BUSINESS & ECONOMICS --Infrastructure. SOCIAL SCIENCE --General. Business cycles. Housing --Prices. |
| 언어 | 영어 |
| 바로가기 |  |
