01664cas a2200241 a 4500 AALejournalIMF018628 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484367629 1018-5941 BD-DhAAL BD-DhAAL Geng, Nan. Fundamental Drivers of House Prices in Advanced Economies / Nan Geng. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students House prices in many advanced economies have risen substantially in recent decades. But experience indicates that housing prices can diverge from their long-run equilibrium or sustainable levels, potentially followed by adjustments that impact macroeconomic and financial stability. Therefore there is a need to monitor house prices and assess whether they are sustainable. This paper focuses on fundamentals expected to drive long run trends in house prices, including institutional and structural factors. The scale of potential valuation gaps is gauged on the basis of a cross-country panel analysis of house prices in 20 OECD countries. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2018/164 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/164/001.2018.issue-164-en.xml IMF e-Library