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;

Access Documents

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Economic Letter

Volume: 7

Order Number: 1