Matthieu Verstraete - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T14:43:02+00:00Personal Experiences and House Price Expectations: Evidence from the Canadian Survey of Consumer Expectations
https://www.bankofcanada.ca/2018/04/staff-analytical-note-2018-8/
In this work, we use novel Canadian survey data to study how expectations of future changes in house prices are influenced by personal experiences. We find that recently experienced changes in local house prices are routinely extrapolated into expectations of year-ahead changes in national house prices.2018-04-09T12:11:23+00:00enPersonal Experiences and House Price Expectations: Evidence from the Canadian Survey of Consumer Expectations2018-04-09