ERES:conference

investigated by using different types of Error Correction Models and by examining the impact of different variables that can explain house price changes in the Netherlands. In the Netherlands the current financial crisis did not start with problems in the residential property market, but the...

Feldstein and Horioka (1980) argued that the correlation of saving and investment in a cross-section of countries may provide a test of global capital mobility. This paper argues that neither the long-run nor the short-run correlation can serve as a reliable basis for such a test. The...