Operations Management and Econometrics Seminar
The Housing Market and the U.S. Business Cycle
Dr James Symons, University College London
26th Feb 2010 11:00 am - Room 498 Merewether Building
We develop a forecasting model of U.S. GDP growth, 1956-2009. Perhaps counter-intuitive to some, we conclude that changes in the real value of tangible assets, comprised mostly of real estate, do not have an important role in forecasting future growth, once one controls for the conventional macroeconomic variables.