We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronize

In this paper we first compare house price cycles in advanced and emerging economies using a new quarterly house price data set covering the period 1990-2012. W

Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing o

This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are

House prices in many advanced economies have risen substantially in recent decades. But experience indicates that housing prices can diverge from their long-run