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Original Articles

Single housing starts and macroeconomic activity: an application of generalized impulse response analysis

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Pages 187-190 | Published online: 20 Aug 2006

References

References

  • Baffoe-Bonnie , J . 1998 . The dynamic impact of macroeconomic aggregates on housing prices and stock of houses: a national and regional analysis . Journal of Real Estate Finance and Economics , 17 ( 2 ) : 179 – 197 .
  • Cheung Y Chinn MD 1999 Are macroeconomic forecasts informative? Cointegration evidence from the ASA-NBER surveys NBER Working Paper No. 6926
  • Ewing , BT . 2002 . Macroeconomic news and the returns of financial companies . Managerial and Decision Economics , 23 ( 8 ) : 439 – 46 .
  • Fullerton , TM Jr , Luevano , JA and West , CT . 2000 . Accuracy of regional single-family housing start forecasts . Journal of Housing Research , 11 ( 1 ) : 109 – 20 .
  • Johansen , S and Juselius , K . 1990 . Maximum likelihood estimation and inference on cointegration: with applications to the demand for money . Oxford Bulletin of Economics and Statistics , 52 : 169 – 210 .
  • Lastrapes , WD . 2002 . The real price of housing and money supply shocks: time series evidence and theoretical simulations . Journal of Housing Economics , 11 : 40 – 74 .
  • Pesaran , HH and Shin , Y . 1998 . Generalized impulse response analysis in linear multivariate models . Economics Letters , 58 : 17 – 29 .
  • Stevenson , S . 2000 . A long-term analysis of regional housing markets and inflation . Journal of Housing Economics , 9 : 24 – 39 .

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