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Trends, Cycles and Convergence in U.S. Regional House Prices

✍ Scribed by Steven P. Clark; T. Daniel Coggin

Publisher
Springer US
Year
2009
Tongue
English
Weight
285 KB
Volume
39
Category
Article
ISSN
0895-5638

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## Abstract Multivariate unobserved components (structural) time series models are fitted to annual post‐war observations on real income per capita in countries in the Euro‐zone. The aim is to establish stylized facts about convergence as it relates both to long‐run and short‐run movements. A new m