US housing prices strongly influenced by news, says Bank of Portugal paper

bancodeportugal

News shocks emerge as relevant sources of macroeconomic fluctuations in the US housing market, and significantly contributed to the two boom and bust periods since the 1970s, according to a Bank of Portugal paper published on January 23.

Sandra Gomes and Caterina Mendicino, the paper's authors, use US survey data to quantify the role of expectation-driven cycles for housing market fluctuations in the US economy. The authors say news shocks related to these sectors of the economy could

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: