HOW LONG DO HOUSING CYCLES LAST? A DURATION ANALYSIS FOR EMERGING ECONOMIES
In this paper, I empirically study the amplitudes and durations of housing cycles in selected emerging countries. Using the Harding and Pagan (2002) approach, I identify peaks and troughs of house prices for 10 countries. I find that, on average, housing expansions last longer and have greater ampli...
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| Format: | Article |
| Language: | Indonesian |
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Bank Indonesia
2020-06-01
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| Series: | Bulletin Ekonomi Moneter dan Perbankan |
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| Online Access: | https://www.bmeb-bi.org/index.php/BEMP/article/view/1295 |