Understanding Rationality and Disagreement in House Price Expectations
收藏NBER2023-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w31516
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资源简介：
Professional house price forecast data are consistent with a rational model where agents must learn about the parameters of the house price growth process and the underlying state of the housing market. Slow learning about the long-run mean can generate forecast bias, a response of forecasts to
提供机构：
美国国家经济研究局
创建时间：
2023-07-01
