Akkoyun, H. Cagri; Arslan, Yavuz; Kanik, Birol - Türkiye Cumhuriyet Merkez Bankası - 2012
We use annual, quarterly and monthly data from the US to show that the correlation between housing prices and transaction volume (number of existing houses sold) di¤ers across di¤erent frequencies. While the correlation is high at the low frequencies it declines to the levels close to zero at...