Short-Term Expectation Formation Versus Long-Term Equilibrium Conditions: The Danish Housing Market
Andreas Hetland, Simon Hetland • Econometrics
(2017)
The primary contribution of this paper is to establish that the long-swings behavior observed in the market price of Danish housing since the 1970s can be understood by studying the interplay between short-term expectation formation and lon...
DOAJ
Open Access (DOAJ)
DOI:
10.3390/econometrics5030040