Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/71094
Authors: 
Pierdzioch, Christian
Ruelke, Jan-Christoph
Stadtmann, Georg
Year of Publication: 
2012
Series/Report no.: 
Diskussionspapier, Helmut-Schmidt-Universität, Fächergruppe Volkswirtschaftslehre 118
Abstract: 
Survey data of forecasts of the housing market may provide a particularly rich data nvironment for researchers and policymakers to study developments in housing markets. Based on the approach advanced by Elliott et al. (Rev. Ec. Studies. 72, 1197-1125, 2005), we studied the properties of a large set of survey data of housing starts in the United States. We document the heterogeneity of forecasts, analyze the shape of forecasters' loss function, study the rationality of forecasts, and the temporal variation in forecasts.
Subjects: 
Housing starts
Loss function
Rationality of forecasts
JEL: 
D84
Document Type: 
Working Paper

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