Forecasting House Prices in the United States with Multiple Structural Breaks
The boom-bust cycle in U.S. house prices has been a fundamental determinant of the recent financial crisis leading up to the Great Recession. The risky financial innovations in the housing market prior to the recent crisis fueled the speculative housing boom. In this backdrop, the main objectives...
Main Authors: | , , , |
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Format: | Article |
Language: | English |
Published: |
Econometric Research Association
2014-04-01
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Series: | International Econometric Review |
Subjects: | |
Online Access: | http://www.era.org.tr/makaleler/15040090.pdf |