How Housing Slumps End.
We construct a simple probit model of the determinants of real house price slump endings. We find that the probability of a house price slump ending is higher, the smaller was the pre-slump house price run-up; the greater has been the cumualtive house price decline; the lower are real mortgage inte...
| Main Authors: | , , |
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| 格式: | Working paper |
| 语言: | English |
| 出版: |
Department of Economics (University of Oxford)
2011
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