Booms and Busts in Housing Markets: Determinants and Implications, Journal of Housing Economics, vol.20, pp.171-90, 2011. ,
Are House Prices Rising Too Fast in China, 2010. ,
Boom and Bust in Housing Market with Heterogeneous Agents, 2013. ,
Turnover as a Measure of Demand for Existing Homes, Real Estate Economics, vol.24, pp.421-461, 1996. ,
A New Approach to decomposition of Economic Time Series into Permanent and Transitory Components with Particular Attention to Measurement of the 'Business Cycle, Journal of Monetary Economics, vol.7, pp.151-74, 1981. ,
Daily House Price Indices: Construction, Modeling, and Longer-Run Predictions, Journal of Applied Econometrics, 2015. ,
A Measure of Fundamental Volatility in the Commercial Property Market, Real Estate Economics, vol.31, pp.577-600, 2003. ,
Understanding Booms and Busts in Housing Markets, Journal of Political Economy, 2013. ,
Forecasting UK House Prices: A Time Varying Coefficient Approach, Economic Modelling, vol.14, pp.529-577, 1997. ,
A Model of Mortgage Default, Journal of Finance, forthcoming, 2015. ,
Determinants of Real House Price Dynamics, 2002. ,
An Anatomy of Price Dynamics in Illiquid Markets: Analysis and Evidence from Local Housing Markets, Real Estate Economics, vol.32, pp.1-32, 2004. ,
, Monetary Policy, Term Structure and Asset Return: Comparing REIT, Housing and Stock, vol.43, pp.221-57, 2011.
Asset Price Spillover, Collateral and Crises: With an Application to Property Market Policy, Journal of Real Estate Finance and Economics, vol.37, pp.351-85, 2007. ,
The Income Elasticity of Housing Prices in China and its Regional Diversity, 2011. ,
Asset Price and Monetary Policy: The Effect of Expectations Formation, Oxford Economic Papers, 2015. ,
Portfolio Choice in the Presence of Housing, Review of Financial Studies, vol.18, pp.535-67, 2004. ,
Missing in Asynchronicity: A Kalman-em Approach for Multivariate Realized Covariance Estimation, Journal of Applied Econometrics, vol.30, pp.377-97, 2015. ,
Assessing the Forecasting Performance of Regime-Switching, ARIMA and GARCH Models of House Prices, Real Estate Economics, vol.31, pp.223-266, 2003. ,
Reversion to the Mean Versus Sticking to Fundamentals: Looking to the Next Five Years of Housing Price Growth, 2005. ,
Land and House Price Measurement in China, Property Markets and Financial Stability, 2012. ,
Private Residential Price Indices in Singapore: A Matching Approach, Regional Science and Urban Economics, vol.42, pp.485-94, 2012. ,
Monetary and Fiscal Stimuli, Ownership Structure, and China's Housing Market, 2011. ,
China's Pseudo-Monetary Policy, Review of Finance, vol.19, pp.55-93, 2015. ,
Government Intervention on Land and Housing Markets in China, 2013. ,
Effectiveness of Cooling Measures in the Housing Markets: Evidence from China and Singapore, 2015. ,
An Early Assessment of Residential Mortgage Performance in China, Journal of Real Estate Finance and Economics, vol.31, pp.117-153, 2005. ,
Macroeconomic Volatility and Stock Market Volatility, Worldwide, Volatility and Time Series Econometrics: Essays in Honor of Robert F. Engle, pp.97-116, 2010. ,
Temporal and Spatial Information Diffusion in Real Estate Price Changes and Variances, Real Estate Economics, vol.25, pp.539-65, 1997. ,
Is There a Bubble in the Chinese Housing Market, Urban Policy and Research, vol.31, pp.27-39, 2013. ,
Stock Market Volatility and Macroeconomic Fundamentals, Review of Economics & Statistics, vol.95, pp.776-97, 2013. ,
A Dymimic Model of Housing Price Determination, Journal of Econometrics, vol.28, pp.307-333, 1985. ,
The Spline-GARCH Model for Low-Frequency Volatility and its Global Macroeconomic Causes, Review of Financial Studies, vol.21, pp.1187-222, 2008. ,
Demystifying the Chinese Housing Boom, p.21112, 2015. ,
Do Capital Flows Matter to Stock and Housing Returns, 2012. ,
Speculative Investors and Tobin's Tax in the Housing Market, 2013. ,
The Impact of Housing Reform on Durables Consumption in China, China Economic Review, vol.21, pp.55-64, 2010. ,
Forecasting Real Estate Prices, Handbook of Economic Forecasting SET 2A-2B, 2013. ,
There is a Risk-Return Trade-Off After All, Journal of Financial Economics, vol.76, pp.509-557, 2005. ,
Predicting Volatility: Getting the Most out of Return Data Sampled at Different Frequencies, Journal of Econometrics, vol.131, pp.59-95, 2006. ,
, MIDAS Regressions: Further Results and New Directions, vol.26, pp.53-90, 2007.
Market Fundamentals as a Source of Stock Market Volatility in China: A GATCH-MIDAS Approach, Economic Modelling, vol.34, pp.59-68, 2013. ,
Determinants of House Prices in Nine Asia-Pacific Economies, International Journal of Central, vol.Banking, pp.163-204, 2011. ,
European Central Bank working paper, 2015. ,
Managing Hedonic Housing Price Indices: The French Experience, Journal of Housing Economics, vol.18, pp.206-219, 2010. ,
Does "Hot Money" Drive China's Real Estate and Stock Markets?, Review of Economics and Finance, vol.19, pp.452-66, 2010. ,
What Does the Stock Market tell us about Real Estate Returns?, Journal of the American Real Estate and Urban Economics Association, vol.20, pp.457-85, 1992. ,
A Mechanism for Booms and Busts in Housing Prices, Journal of Economics Dynamic and Control, vol.51, pp.204-221, 2015. ,
House Prices and the Collapse of the Stock Market in Mainland China: An Empirical Study on House Price Index, 2009. ,
Do Bank Loans and Local Amenities Explain Chinese Urban House Prices?, China Economic Review, vol.34, pp.19-38, 2015. ,
Second Home Ownership in Transitional Urban China, Housing Studies, vol.26, pp.423-470, 2011. ,
Housing Price Bubbles in Hong Kong, Beijing and Shanghai: A Comparative Study, Journal of Real Estate Finance and Economics, vol.33, pp.299-327, 2006. ,
Price Discovery of Property Markets in Shenzhen and Hong Kong, Construction Management and Economics, vol.27, pp.1175-96, 2009. ,
Housing Market Spill overs: Evidence from an Estimated DSGE Model, American Economic Journal: Macroeconomics, vol.2, pp.125-64, 2010. ,
Measuring the Value of Housing Quality, Journal of the American Statistical Association, vol.65, pp.532-580, 1970. ,
Housing Boom-Bust Cycles, and Monetary Policy, 2014. ,
Illicit Financial Flows from China and the Role of Trade Misinvoicing, Global Financial Integrity, 2012. ,
Cheap Credit, Collateral and the Boom-Bust Cycle, Essays in Macroeconomics and Finance, pp.8-68, 2013. ,
A Model of Housing and Credit Cycles with Imperfect Market Knowledge, European Economic Review, vol.70, pp.419-456, 2014. ,
Leaning against Boom-Bust Cycles in Credit and Housing Prices, Journal of Economic Dynamics and Control, vol.37, pp.1500-1522, 2013. ,
Error-Correction Dynamics of House prices: Benchmark, Journal of Housing Economics, vol.25, pp.75-95, 2014. ,
Intra-Metropolitan Price and Trading Volume Dynamics: Evidence from Hong Kong, International Real Estate Review, vol.11, pp.47-74, 2008. ,
What Drives the Property Price-Trading Volume Correlation? Evidence from a Commercial Real Estate Market, Journal of Real Estate Finance and Economics, vol.31, pp.241-55, 2005. ,
Testing Alternative Theories of the Property Price-Trading Volume Correlation, Journal of Real Estate Research, vol.23, pp.253-63, 2002. ,
Housing Prices and General Economic Conditions: An Analysis of Chinese New Dwelling Market, Tsinghua Science & Technology, vol.10, pp.334-377, 2005. ,
A Simple Error Correction Model of House Prices, Journal of Housing Economics, vol.8, pp.27-62, 1999. ,
Hedonic Pricing Models: A Selective and Applied Review, Housing Economics: Essays in Honour of Duncan Maclennan, 2002. ,
The Role of Speculation in Real Estate Cycles, Journal of Real Estate, vol.13, pp.141-64, 2005. ,
China's "Hot Money" Problems, Congressional Research Services, 2008. ,
Are Home Prices the Next "Bubble, Federal Reserve Bank of, vol.10, pp.1-18, 2004. ,
Volatility Clustering in U.S. Home Prices, Journal of Real Estate Research, vol.30, pp.74-90, 2008. ,
Long-Range Dependence in U.S. Home Price Volatility, Journal of Real Estate Finance and Economics, vol.42, pp.329-376, 2011. ,
Exploring Metropolitan Housing Price Volatility, Journal of Real Estate Finance and Economics, vol.33, pp.5-18, 2006. ,
The Property Market and the Macroeconomy of the Mainland: A Cross Region Study, 2005. ,
Testing for Multiple Bubbles: Historical Episodes of Exuberance and Collapse in the S&P 500, International Economic Review, 2014. ,
Explosive Behavior in the 1990s Nasdaq: When did Exuberance Escalate Asset Values?, International Economic Review, vol.52, pp.201-227, 2011. ,
Property Prices and Bank Lending in China, Journal of Asian Economics, vol.18, pp.63-75, 2007. ,
The Effect of Market Expectation on the Change of Housing Rent to Price Ratio: An Analysis Based on User Cost Model, Journal of Zhejiang University (Humanities and Social Sciences), vol.43, pp.58-72, 2013. ,
House Price Bubbles in China, China Economic Review, vol.23, pp.786-800, 2012. ,
Analysis and Forecast of China's Macroeconomy, 2014. ,
Housing Inequality and Housing Poverty in Urban China in the Late 1990s, China Economic Review, vol.17, pp.37-50, 2006. ,
Why Does Stock Market Volatility Change Over Time?, Journal of Finance, vol.44, pp.1207-1246, 1989. ,
Are House Prices too High in China?, China Economic Review, vol.23, pp.1206-1216, 2012. ,
, , 2005.
Speculative Asset Prices, American Economic Review, vol.104, pp.1486-517, 2014. ,
Prices and Trading Volume in the Housing Market, A Model with Down-Payment Effects, Quarterly Journal of Economics, vol.110, pp.379-406, 1995. ,
Turnovers and Housing Price Dynamics: Evidence from Singapore Condominiums, Journal of Real Estate Finance and Economics, vol.38, pp.254-74, 2009. ,
Impact of Urban Economic Openness on Real Estate Prices: Evidence from Thirty-five Cities in China, China Economic Review, vol.22, pp.42-54, 2011. ,
Fundamentals in China's Housing Markets, 2012. ,
Intercity Information Diffusion and Price Discovery in Housing Markets: Evidence from Google Searches, Journal of Real Estate Finance and Economics, vol.50, pp.289-306, 2015. ,
Incentives and Outcomes: China's Environmental Policy, Capitalism and Society, vol.9, issue.2, 2014. ,
House Price Index Construction in the Nascent Housing Market: The Case of China, Journal of Real Estate Finance and Economics, vol.48, pp.522-567, 2014. ,
Evaluating Conditions in Major Chinese Housing Markets, Regional Science and Urban Economics, vol.42, pp.531-574, 2012. ,
Real Estate Collateral Value and Investment: The Case of China, Journal of Urban Economics, vol.86, pp.43-53, 2015. ,
Evaluating the Risk of Chinese Housing Market: What We Know and What We Need to Know, 2015. ,
The Effect of Monetary Policy on Real Estate Price Growth in China, Pacific-Basin Finance Journal, vol.20, pp.62-77, 2012. ,
Optimal Consumption and Portfolio Choices with Risky Housing and Borrowing Constraints, Review of Financial Studies, vol.18, pp.197-239, 2005. ,
Detecting Bubbles in Hong Kong Residential Property Market, Journal of Asian Economics, vol.28, pp.115-139, 2013. ,
House Prices and Stock Prices: Evidence from a Dynamic Heterogenous Panel, 2014. ,
Money, Housing, and Inflation in China, Journal of Policy Modeling, vol.35, pp.75-87, 2013. ,
Housing Price Fluctuations across China: An Equilibrium Mechanism Perspective, Tsinghua Science & Technology, p.12, 2007. ,
Monetary Policy and Housing Prices: A Case Study of Chinese Experience in 1999-2010, Economic Modelling, vol.29, pp.2349-61, 2012. ,
, , 200605.