Pierdzioch, Christian; Rülke, Jan-Christoph; … - In: Credit and Capital Markets – Kredit und Kapital 46 (2013) 4, pp. 495-521
The U.S. subprime mortgage crisis has witnessed that house prices may have a profound effect on the economy. A key question for researchers and policymakers is what can be learnt from forecasts of changes in house prices. We use survey data from the WSJ forecast poll to analyze this question....