This paper contributes to the discussion whether changes in house prices can be explained by fundamental factors or trends. Using a long-term time series covering 350 years of house prices along the Herengracht in Amsterdam, we examine whether a fundamental factor or a trend explains house...

This paper examines the use of survey-based measures in volatility forecasting. We argue that the dispersion of individual mean return forecasts bridges the gap between individual volatilities and aggregate volatility. We use data coming from a repeated survey to capture volatility and mean...