Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/43324 
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dc.contributor.authorKelly, Morganen
dc.date.accessioned2010-12-16T13:35:09Z-
dc.date.available2010-12-16T13:35:09Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aUniversity College Dublin, UCD School of Economics |cDublinen
dc.relation.ispartofseries|aUCD Centre for Economic Research Working Paper Series |xWP07/01en
dc.subject.ddc330en
dc.subject.stwImmobilienpreisen
dc.subject.stwKonjunkturen
dc.subject.stwVolatilitäten
dc.subject.stwIrlanden
dc.titleOn the likely extent of falls in Irish house prices-
dc.type|aWorking Paperen
dc.identifier.ppn550056327en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:ucn:wpaper:200701en

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