Warning: Some transaction prices can be detrimental to your house price index

House Price Index Methodologies

House Price Rigidity and the Asymmetric Response of Housing Prices to Monetary Policy in Iran

This paper examines downward price rigidity in Iranian house market and discusses whether this characteristic would result in an asymmetric relationship between house price and monetary policy. To test the downward house price rigidity the threshold GARCH model is employed. The asymmetric adjustment to monetary policy is examined using the asymmetric cointegration and error correction models. T...

WARNING: Physics Envy May Be Hazardous To Your Wealth!∗

The quantitative aspirations of economists and financial analysts have for many years been based on the belief that it should be possible to build models of economic systems—and financial markets in particular—that are as predictive as those in physics. While this perspective has led to a number of important breakthroughs in economics, “physics envy” has also created a false sense of mathematic...

Warning: Stop-and-Frisk May Be Hazardous to Your Health

The law did not protect us. And now, in your time, the law has become an excuse for stopping and frisking you, which is to say, for furthering the assault on your body. —Ta-Nehisi Coates 1 [T]his case tells everyone. .. that your body is subject to invasion while courts excuse the violation of your rights. It implies that you are not a citizen of a democracy but the subject of a carceral state,...

short-term administration of l-carnitine can be detrimental to the ischemic heart