The paper investigates linkages between general macroeconomic conditions and the housing market for the G-7 area. Among the key results of the paper, it is foun

We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronize

We examine the properties of house price fluctuations across eighteen advanced economies over the past forty years. We ask two specific questions: First, how sy

The housing markets have played an important role in macroeconomic fluctuations, especially during the recent financial crisis. We investigate the correlation b

Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This pap