Now showing items 1-2 of 2

  • House Prices, Disposable Income, and Permanent and Temporary Shocks 

    Fraser, Patricia; Hoesli, Martin; McAlevey, Lynn (University of Aberdeen Business School, 2009-08)
    This paper specifies a two-variable system of house prices and income for N.Z., U.K. and the U.S., covering periods from 1973:4 through 2008:2. The analysis allows the identification of differences in house priceincome ...
  • House prices, fundamentals and bubbles 

    Black, Angela; Fraser, Patricia; Hoesli, Martin (2006-01-31)
    This paper studies actual (real) house prices relative to fundamental (real) house values. Such a focus is warranted since housing constitutes a large fraction of most household portfolios, and its characteristics are ...