Systemic financial crises and the housing market cycle

Luca Agnello, Vitor Castro, Ricardo M Sousa

Risultato della ricerca: Article

2 Citazioni (Scopus)

Abstract

Using quarterly data for a group of 20 industrialized countries and both continuous- and discrete-time duration models, we show that financial crisis recessions are associated with a two- to three-fold increase in the likelihood of the end of a housing boom. Additionally, recessions preceded by booms in mortgage credit are especially damaging, as their occurrence coincides with an increase in the duration of housing market slumps of almost 90%.
Lingua originaleEnglish
pagine (da-a)724-729
Numero di pagine6
RivistaApplied Economics Letters
Volume25
Stato di pubblicazionePublished - 2018

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Recession
Housing market
Financial crisis
Credit
Mortgages
Developed countries
Duration models
Discrete-time

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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Systemic financial crises and the housing market cycle. / Agnello, Luca; Castro, Vitor; Sousa, Ricardo M.

In: Applied Economics Letters, Vol. 25, 2018, pag. 724-729.

Risultato della ricerca: Article

Agnello, Luca ; Castro, Vitor ; Sousa, Ricardo M. / Systemic financial crises and the housing market cycle. In: Applied Economics Letters. 2018 ; Vol. 25. pagg. 724-729.
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