Business and Real Estate Price Cycles Across the U.S.: Evidence from a Vector Markov-Switching Regression Exercise
| Autor: | Aram Balagyozyan, Kyoko Mona, Christos I. Giannikos |
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| Rok vydání: | 2016 |
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| Zdroj: | Journal of Housing Research. 25:81-104 |
| ISSN: | 2691-1337 1052-7001 |
| DOI: | 10.1080/10835547.2016.12092114 |
| Popis: | In this study, we examine whether house price cycles led or lagged business cycles in the state-level U.S. data from 1979 to 2012. We use a vector Markov-switching model to test for various lead/la... |
| Databáze: | OpenAIRE |
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