House Market index, income, and inflation
This paper investigates the house market index fluctuation in US, because the sub-prime mortgage financial crisis started US infected Europe, Asia and move through all the world in 2008. VAR and VECM models were used for forecasting volatility in the U.S. housing market boom and bust, including housing market index, unemployment rate, inflation rate, personal income, Federal Funds rate variables to analysis and forecast the house market fluctuate. We founded the house market index fluctuation from macroeconomics variables impact are every variation of the personal income had 0.011 change in US housing market index, one percent increase in inflation rate will contribute to 10.28 in US house market index, unemployment rate and Fed rate to house market index are -12.11 and 2.23.
Subprime Mortgage Crisis VAR House Market Index VECM Cointegration
Jen-Shi Ni Jin-Chung Liu Yu Wen
Department of Finance and Taxation.,Takming University of Science and Technology,Taipei 11451, Taiwa Department of Finance and Taxation,Takming University of Science and Technology,Taipei 11451, Taiwan graduated in Department of Accountancy,Taipei University,Taipei 11451, Taiwan
国际会议
上海
英文
592-596
2011-03-11（万方平台首次上网日期，不代表论文的发表时间）