Twin Peaks in Equity and Housing Prices?

16 Pages Posted: 19 Oct 2009 Last revised: 9 Mar 2012

See all articles by Claudio E. V. Borio

Claudio E. V. Borio

Bank for International Settlements (BIS) - Research and Policy Analysis

Patrick McGuire

Bank for International Settlements (BIS)

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

Borio, Claudio E.V. and McGuire, Patrick M., Twin Peaks in Equity and Housing Prices? (March 1, 2004). BIS Quarterly Review, March 2004, Available at SSRN: https://ssrn.com/abstract=1491070

Claudio E.V. Borio

Bank for International Settlements (BIS) - Research and Policy Analysis ( email )

CH-4002 Basel, Basel-Stadt
Switzerland

Patrick M. McGuire (Contact Author)

Bank for International Settlements (BIS) ( email )

CH-4002 Basel, Basel-Stadt
Switzerland