16 4.3 China 17 4.4 Japan und Korea 18 4.5 Konjunkturpakete der Europäischen Union 19 4.6 Die deutschen …

This study compares recent home price dynamics of two countries, Korea and the U.S., in terms of underlying … periods, there has been a regime shift in Korea in that the user cost for owning greatly increases its explanatory power in … Korea after the 1997-1998 financial crisis. Second, unlike the recent upsurge in the U.S., an over-valuation of similar …