The recent increase in China's house prices at the national level masks tremendous variation at the city level – a … feature largely overlooked in the macroprudential literature. This paper measures the evolving heterogeneity in China's house … China's city-level housing price synchronization. The estimates indicate an increasing synchronization leading up to 2015 …

The recent increase in China's house prices at the national level masks tremendous variation at the city level – a … feature largely overlooked in the macroprudential literature. This paper considers the evolving heterogeneity in China's house … novel regime-switching modelling approach to estimate the time-varying patterns of China's city-level housing price …