Testing the relationship between housing prices and inflation in the OECD countries
Aliyu Akorede Rufai,
Raymond Liambee Aor,
Afees Adebare Salisu
Abstract:Purpose
This study aims to construct alternative models to establish the dynamic nexus between inflation and housing prices by estimating the short- and long-run relationship between housing prices and inflation for 15 OECD countries from 1980Q1 to 2022Q4. Furthermore, the authors examined this association using the core and headline inflation and price-income and price-rent ratios as proxies for inflation and housing prices, respectively.
Design/methodology/approach
The authors use the panel autoregressive … Show more
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