Type

Journal Article

Authors

Morgan Kelly

Subjects

Economics

Topics
regression analysis ireland economic conditions house prices economic impact irish industry housing prices housing prices ireland macroeconomics

On the likely extent of falls in Irish house prices (2007)

Abstract Looking at house price cycles across the OECD since 1970, we find a strong relationship between the size of the initial rise in price and its subsequent fall. Were this relationship to hold for Ireland, it would predict falls of real house prices of 40 to 60 per cent over a period of 8 to 9 years. The unusually large size of the Irish house building industry suggest that any significant house price fall that does occur could impose a difficult adjustment on the economy.
Collections Ireland -> University College Dublin -> School of Economics
Ireland -> University College Dublin -> College of Social Sciences and Law
Ireland -> University College Dublin -> Economics Research Collection

Full list of authors on original publication

Morgan Kelly

Experts in our system

1
Morgan Kelly
University College Dublin
Total Publications: 37