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Working Paper 2009-007B Search | View by Year | View by Category | View by Author | View by JEL Code"Is Housing the Business Cycle? Evidence from U.S. Cities"
We analyze the relationship between housing and the business cycle in a set of 51 U.S. cities. Most surprisingly, we find that declines in house prices are often not followed by declines in employment. We also find that national permits are a better leading indicator for a city’s employment than a city’s own permits. Full Text - Acrobat PDF (1.1M) Notify Me of Updates for:
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