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This paper shows that macroeconomic uncertainty affects the housing market in two significant ways. First, uncertainty shocks adversely a¤ect housing prices but not the quantities that are traded. Controlling for a broad set of variables in fixed-effects regressions, we find that uncertainty...
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The aim of this paper was to examine the relationship between changes in the US and China macroeconomic conditions and … conditions in the US and China and the real estate markets´ excess returns. Additionally, whilst the US macroeconomic factors … show stronger causal relationships with the real estate markets in the long run, China´s macroeconomic variables have …
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