Gruber, Johannes; Lee, Gabriel S. - 2008
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Economics and Management Information Systems
Bank Lending Effect on German Commercial Property Prices
Gruber …, investment in construction, and
GDP for Germany, Bavaria, and NRW.
The commonly used VAR model in most real estate economics …), �Financial Fragility and Economic Perfor-
mance,�Quarterly Journal of Economics, 105, 87-114.
Bernanke, B., Gertler, M. and S …