Author/Editor: Hideaki Hirata, M Ayhan Kose, Christopher Otrok, Marco Terrones.

Release Date:February, 2013

We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these more...

Author/Editor: Hideaki Hirata, M Ayhan Kose, Christopher Otrok.

Release Date:January, 2013

Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for more...