PDF英文翻译文献.pptVIP

2 JEL Classi?cation R31 · C51 ·D58 · C53 Long-term convergence · Long-term forecast Keywords ?Real estate market · Fundamental price · the price. out-of-sample long-term forecasts of we ?nd that using the fundamental price signi?cantly increases the accuracy of result is due to both impulse–response functions and forecast analyses. In particular, long-run, actual prices tend to return to their fundamental values progressively. This from their estimated fundamental values. However, we ?nd some evidence that, in the Netherlands. We ?nd that observed prices deviate substantially and for long peri