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dc.contributor.authorÁlvarez, Luis J.
dc.contributor.authorCabrero Bravo, Alberto
dc.coverage.spatialEspaña
dc.date.accessioned2019-08-10T17:57:13Z
dc.date.available2019-08-10T17:57:13Z
dc.date.issued2010-07-22
dc.identifier.issnISSN: 0213-2710 (en papel)
dc.identifier.issnISSN: 1579-8666 (en línea)
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/7025
dc.description.abstractThe aim of this paper is to characterize the cyclical properties of Spanish real and nominal housing related variables. Our three main results are: First, housing appears to lead the business cycle. Second, fluctuation in home prices are positively related to those of residential investment, suggesting the dominant role of demand factors over supply ones. Third,there are interesting asymmetries in cyclical fluctuations: contractions in GDP appear to be briefer than expansions
dc.format.extent32 p. : gráf.
dc.language.isoen
dc.publisherBanco de España
dc.relation.ispartofDocumentos de Trabajo / Banco de España, 1024
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectHousing
dc.subjectBusiness cycles
dc.subjectFiltering
dc.titleDoes housing really lead the business cycle?
dc.typeDocumento de trabajo
dc.identifier.bdebib000275699
dc.identifier.bdepubDTRA-201024-eng
dc.subject.bdeEconomía urbana y vivienda
dc.subject.bdeFluctuaciones y ciclos económicos
dc.subject.bdeRenta, empleo y precios
dc.publisher.bdeMadrid : Banco de España, 2010
dc.subject.jelE32
dc.subject.jelR21
dc.subject.jelR32
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