Twin Peaks in Equity and Housing Prices?
16 Pages Posted: 19 Oct 2009 Last revised: 9 Mar 2012
Date Written: March 1, 2004
Abstract
The strength of housing markets around the world has helped to cushion the recent slowdown in global economic activity. How long should we expect this to continue? A sample of industrialised countries covering three decades allows us to explore this question through an analysis of major peaks in equity and housing prices, the associated booms and busts and the underlying credit conditions.
Keywords: housing prices, asset bubbles
JEL Classification: E300, E320
Suggested Citation: Suggested Citation
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