Booms and Busts in the UK Housing Market.
The often volatile behaviour of UK house prices between 1957 and 1994 is analysed in an annual econometric model. Theory suggests that financial liberalization of mortgage markets in the 1980s should have led to notable shifts in house price behaviour. The evidence supports the predictions of theory...
| Main Authors: | , |
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| 格式: | Working paper |
| 語言: | English |
| 出版: |
CEPR
1997
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