International Macroeconomic Aspects of Housing
Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 12 - Chapter in an edited book (Author) › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
|---|---|
| Title of host publication | Handbook of Real Estate and Macroeconomics |
| Editors | Charles Ka Yui Leung |
| Publisher | Edward Elgar |
| Chapter | 11 |
| Pages | 285-311 |
| ISBN (electronic) | 978 1 78990 849 7 |
| ISBN (print) | 978 1 78990 848 0 |
| Publication status | Published - 2022 |
Link(s)
| Permanent Link | https://scholars.cityu.edu.hk/en/publications/publication(793ed447-3737-4f93-a8fc-6fefbc17051b).html |
|---|
Abstract
This paper studies whether the relationships between housing prices and macroeconomic variables have changed after the 2008 Global Financial Criss (GFC). re-examine the business cycle correlations in 22 Organization for Economic Co- operation and Development (OECD) member countries. In general, macro variables exhibited a strong association with housing prices. While some correlations are weakened or strengthened, some are even reversed after the GFC. I also provide a literature review on why housing markets are essential for propagating shocks and related to business cycles.
Citation Format(s)
International Macroeconomic Aspects of Housing. / Ng, Joe Cho Yiu.
Handbook of Real Estate and Macroeconomics. ed. / Charles Ka Yui Leung. Edward Elgar, 2022. p. 285-311.
Handbook of Real Estate and Macroeconomics. ed. / Charles Ka Yui Leung. Edward Elgar, 2022. p. 285-311.
Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 12 - Chapter in an edited book (Author) › peer-review
