Chang, Tsangyao; Li, Xiao-lin; Miller, Stephen M.; … - Department of Economics, Faculty of Economic and … - 2013
This study applies wavelet analysis to examine the relationship between the U.S. real estate and stock markets over the period 1890-2012. Wavelet analysis allows the simultaneous examination of co-movement and causality between the two markets in both the time and frequency domains. Our findings...