Systemic financial crises and the housing market cycle

Luca Agnello, Ricardo M Sousa, Vitor Castro

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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All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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