House Prices in Advanced and Emerging Economies

In a new paper, Alessandro Rebucci (Johns Hopkins University) and his co-authors have assembled a database that expands the availability of historical house price data for emerging markets.The authors used this database to study the impact of increased global liquidity—an increase in the international supply of credit—on house prices. The paper finds that an increase in global liquidity by 1 percent of world GDP raises house prices in emerging markets by 3 percent, over three times the impact in advanced economies. Read the paper here and the FT article on paper here

Posted by at 3:19 PM

Labels: Global Housing Watch


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