Medium-term cycles in affordability: what does the house price to income ratio indicate?
Using the Christiano-Fitzgerald filter to extract business and medium-term cycles, this paper considers house price, gross domestic product per head and the ratio of the two for the UK over 1955–2020. It shown that, although the synchronisation of business and medium-term cycles is associated with t...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
AIMS Press
2021-04-01
|
| Series: | National Accounting Review |
| Subjects: | |
| Online Access: | https://www.aimspress.com/article/doi/10.3934/NAR.2021010?viewType=HTML |