Personal experiences and house price expectations : evidence from the Canadian Survey of Consumer Expectations / by Mikael Khan and Matthieu Verstraete.: FB3-7/2018-8E-PDF
"In this work, we use novel Canadian survey data to study how expectations of future changes in house prices are influenced by personal experiences. We find that recentlyexperienced changes in local house prices are routinely extrapolated into expectations ofyear-ahead changes in national house prices. In addition, individuals who have experienced higher volatility in house price changes in the recent past are more uncertain about their expectations of future house price changes. Our results are broadly consistent with those from related work using the Survey of Consumer Expectations conducted by the Federal Reserve Bank of New York"--Abstract.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.855061&sl=0
| Department/Agency | Bank of Canada. |
|---|---|
| Title | Personal experiences and house price expectations : evidence from the Canadian Survey of Consumer Expectations / by Mikael Khan and Matthieu Verstraete. |
| Series title | Staff analytical note = Note analytique du personnel, 2369-9639 ; 2018-8 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Cover title. Includes bibliographical references. Includes abstract in French. |
| Publishing information | [Ottawa] : Bank of Canada, c2018. |
| Author / Contributor | Khan, Mikael. Verstraete, Matthieu. |
| Description | 5 p. : col. chart. |
| Catalogue number |
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| Subject terms | Housing Prices |
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