Gogas, Periklis; Pragidis, Ioannis - Department of Economics, Democritus University of Thrace - 2010
In this paper we examine the predictability power of long term risk premium over Housing prices in U.S.A. of a period of 19 years (1991-2009). For reasons that are cited clearly in the text, the interest rate risk premium is preferred over yield curve. Under a probit framework, it is tested...