This paper examines the time varying dispersion in city house price levels across the four biggest euro area countries … compared with those in the United States. Using available city-level data over the period 1987-2008, it tests for price … convergence and analyses key factors explaining price differentials in a panel regression framework including per capita income …

This study looks at real estate price booms and busts in industrialised countries. It identifies major and persistent …

Crossing borders, be it international or regional, often go together with price, wage or indeed wealth discontinuities …) differences in real estate price developments, and thus differences in accumulated nominal capital gains are shown to be one main …

This paper examines the house price dynamics for thirteen European countries. A Markov-switching error correction model … is estimated on house price returns at the country level, with deviations between house prices and fundamentals feeding … sets of results. First, house price returns in Europe are generally characterized by three (high, medium and low) phases …

trades in call options on the German DAX index, this paper documents substantial price dispersion across securities that are …

present value housing price model under noisy information, I study the macroeconomic implications of movements in housing …

over the last three decades. By exploring the link between news shocks and agent expectations, we show that house price …

experienced a property price boom-and-bust cycle. Borrowers in these countries exhibited significantly higher loan-to-value (LTV … and substantial house price increases in some countries, we do not find similar credit easing as before the crisis …