Miller, Stephen M.; Balcilar, Mehmet; DAS, SONALI; … - Department of Economics, University of Connecticut - 2013
This paper examines the causal relationships between the real house price index and real GDP per capita in the U.S., using the bootstrap Granger (temporal) non-causality test and a fixed-size rolling-window estimation approach. We use quarterly time-series data on the real house price index and...