Asadov, A., Ibrahim, M. H., & Yildirim, R. (2023). Impact of house price on economic stability: some lessons from OECD countries. The Journal of Real Estate Finance and Economics. https://doi.org/10.1007/s11146-023-09945-0
"... it appears that the key factor for economic growth and stability is not rapid growth in housing prices. Instead, preventing housing bubbles and reducing large fluctuations in housing prices is critical for maintaining a healthy economy. A study by Geng (2018) reveals that housing prices often deviate from their long-run sustainable levels, which can significantly impact macroeconomic and financial stability."
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“Earthquakes and hurricanes tend to cause the most extreme damage in terms of economic costs. This is exemplified by the peak years seen on this chart, with Hurricane Katrina in 2005, the earthquake and tsunami that hit Japan in 2011 and the three major hurricanes that hit the U.S., Harvey, Maria and Irma, in 2017. In the latter year, global economic losses hit $424 billion, $183 billion of which were insured. While these events account for the major fluctuations illustrated here, Munich Re analysts explain that the overall rising trend in economic costs is due to multiple factors. These include…”
Fleck, A. (August 29, 2025). Natural Disasters: A Growing Financial Threat [Digital image]. Retrieved September 03, 2025, from https://ezproxy.inceif.edu.my:2352/chart/12379/economic-losses-from-natural-disasters/
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