Aastveit, Knut Are; Anundsen, André Kallåk; Kivedal, … - 2024
We study scar formation and persistence after a house price bubble has burst using data on 3,089 US counties and county equivalents over the period 1980q1-2019q4. We date house price booms and busts for each county, and identify periods with explosive house price developments. Applying a sharp...