Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/43324
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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.publisher|aen_US
dc.relation.ispartofseries|aWorking paper series // UCD Centre for Economic Research |x2007/01en_US
dc.subject.ddc330en_US
dc.subject.stwImmobilienpreisen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwVolatilitäten_US
dc.subject.stwIrlanden_US
dc.titleOn the likely extent of falls in Irish house pricesen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn550056327en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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