Fraser, Patricia; Hoesli, Martin; McAlevey, Lynn George - 2009
house-owning economies: New Zealand (N.Z.), the U.K. and the U.S. After considering differences in price … each system, and continues by decomposing each historical house price series into its permanent, temporary and … insignificant role to play in house price composition. In N.Z., the temporary component of house prices has tended to be positive …