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dc.contributor.authorKelly, Morganen_US
dc.date.accessioned2010-12-16T13:35:09Z-
dc.date.available2010-12-16T13:35:09Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/43324-
dc.description.abstractLooking at house price cycles across the OECD since 1970, we find a strong relationship between the size of the initial rise in price and its subsequent fall. Were this relationship to hold for Ireland, it would predict falls of real house prices of 40 to 60 per cent over a period of 8 to 9 years. House price falls tend not to have serious macroeconomic consequences, but the unusually large size of the Irish house building industry suggest that any significant house price fall that does occur could impose a difficult adjustment on the economy.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesWorking paper series // UCD Centre for Economic Research 2007/01en_US
dc.subject.ddc330en_US
dc.subject.stwImmobilienpreisen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwVolatilit├Ąten_US
dc.subject.stwIrlanden_US
dc.titleOn the likely extent of falls in Irish house pricesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn550056327en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Paper Series, UCD School of Economics, University College Dublin (UCD)

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