HOUSE PRICES AND BUSINESS CYCLE IN CZECH ECONOMY: A CROSSCORRELATION APPROACH

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00090032" target="_blank" >RIV/00216224:14560/16:00090032 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
HOUSE PRICES AND BUSINESS CYCLE IN CZECH ECONOMY: A CROSSCORRELATION APPROACH
Original language description
This paper investigates a relationship between house prices and business cycles in the Czech economy. The aim is to find the leading indicator for monitoring business cycles. The methodology of leading indicator applied by the OECD is used to determine, whether the house prices are crucial in the business cycles. Moreover, the cross correlation approach identifies the relationship between quarterly house prices and the following individual variables: GDP, consumption, mortgage interest rate, employment, wages and number of newly started or finished buildings. The data set covers a period between 2004:Q1 and 2015:Q3. The results of the paper will help for later research and modelling of the housing sector in the Czech economy.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Quantitative Methods in Economics; Multiple Criteria Decision Making XVIII
ISBN
9788097232801
ISSN
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e-ISSN
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Number of pages
5
Pages from-to
327-331
Publisher name
University of Economics, Bratislava
Place of publication
University of Economics
Event location
Vrátna, Slovakia
Event date
Jan 1, 2016
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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