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;
File(s): File format is application/pdf http://www.dallasfed.org/assets/documents/research/eclett/2012/el1201.pdf
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Provider: Federal Reserve Bank of Dallas
Part of Series: Economic Letter
Order Number: 1