Business fluctuations and cycles - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T16:48:24+00:00Fooled by Search: Housing Prices, Turnover and Bubbles
https://www.bankofcanada.ca/2012/02/working-paper-2012/
his paper develops and estimates a model to explain the behaviour of house prices in the United States. The main finding is that over 70% of the increase in house prices relative to trend during the increase of house prices in the United States from 1995 to 2006 can be explained by a pricing mechanism where market participants are ‘Fooled by Search.’2012-02-08T10:52:39+00:00enFooled by Search: Housing Prices, Turnover and Bubbles2012-02-08Asset pricingBusiness fluctuations and cyclesWorking Paper 2012-3https://www.bankofcanada.ca/wp-content/uploads/2012/02/wp2012-03.pdfFooled by Search: Housing Prices, Turnover and BubblesBrian PetersonFebruary 2012EE3RR2R21