Real House Prices in OECD Countries: The Role of Demand Shocks and Structural and Policy Factors
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper analyses the factors influencing the level and volatility of real house prices in a panel of OECD countries over the period 1980-2005. Results suggest that real house prices tend to rise proportionally with real household incomes, while declines in structural unemployment and real interest rates are associated with higher real house...
