Housing price fluctuations exert effects on the economy through various channels. More precisely, however, relative prices between housing and other assets prices and goods/services prices are the variable that should be observed.
CITATION STYLE
Diewert, W. E., Nishimura, K. G., Shimizu, C., & Watanabe, T. (2020). Imputed rent for OOH in national account. In Advances in Japanese Business and Economics (Vol. 11, pp. 325–358). Springer. https://doi.org/10.1007/978-4-431-55942-9_8
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