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This study provides empirical evidence on the strengthening of the impact of house prices on the US macroeconomy. The stability of the house prices macro-link is tested in a small-dimensional vector autoregressive model over the last fifty years. The estimated break-points are used to split the...
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Non-Parametric Econometrics Ibrahim Ahamada Emmanuel Flachaire Translated by Andrew Clark OXPORD UNIVERSITY PRESS Contents List of Figures xii List of Tables x iv 1. Kernel...
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