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International macroeconomic aspect of housing

In: Handbook of Real Estate and Macroeconomics

Author

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  • Joe Cho Yiu Ng

Abstract

This paper studies whether the relationships between housing prices and macroeconomic variables have changed after the 2008 Global Financial Criss (GFC). I re-examine the business cycle correlations in 22 OECD member countries. In general, macro variables exhibited a strong association with housing prices. While some correlations are weakened or strengthened, some are even reversed after the GFC.

Suggested Citation

  • Joe Cho Yiu Ng, 2022. "International macroeconomic aspect of housing," Chapters, in: Charles K.Y. Leung (ed.), Handbook of Real Estate and Macroeconomics, chapter 11, pages 284-311, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19335_11
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