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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Quantitative Methods in Economics; Multiple Criteria Decision Making XVIII

ISBN

9788097232801

ISSN

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e-ISSN

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Počet stran výsledku

5

Strana od-do

327-331

Název nakladatele

University of Economics, Bratislava

Místo vydání

University of Economics

Místo konání akce

Vrátna, Slovakia

Datum konání akce

1. 1. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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