Journal Article

Increased real house price volatility signals break from Great Moderation

Abstract: The shift toward more volatile real house price growth, unaccompanied by a shift in the volatility of real GDP growth, offers evidence that house price dynamics and real output growth may have diverged beginning around the 2001 recession.

Keywords: Gross domestic product;

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Economic Letter

Volume: 7

Order Number: 1