Browsing Economics by Subject "Asset prices"
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The dynamics of house prices and income in the UK
(Global Social Science Institute, 2020)Asset prices and fundamentals can move apart, as is the case during bubble episodes. However, they should exhibit a stable relationship in the long run. For UK housing, previous studies have investigated whether house ... -
Home prices and fundamentals: solving the mystery for the G-7 by accounting for nonlinearities
(Emerald Publishing Limited, 2019-07-08)Purpose: The purpose of this study is to determine whether house prices and income share a stable, stationary relationship in the G-7 countries. This stable relationship has been clearly implied by theory but has been ...