Series: IMF Working Papers
Author(s): Ding Ding , Xiaoyu Huang , Tao Jin , and W. Raphael Lam
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 November 2017
Keywords: Asia and Pacific, Macroprudential Policy, Central banks and their policies, China real estate market, housing bubbles, Monetary Policy (Targets, Instruments, and Effects), Housing Supply and Markets, Bayesian Analysis
China's real estate market rebounded sharply after a temporary slowdown in 2014-2015. This paper uses city-level data to estimate the range of house price overvaluation across city-tiers and assesses the main risks...