Findings from University of California in the Area of Real Estate Reported (Using the CCAPM with Stochastic Taxation and Money Supply to Examine US…
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According to the news editors, the research concluded: "Third, our results imply that monetary policy, in the short run, plays a role in the formation of these pricing bubbles."
For more information on this research see: Using the CCAPM with Stochastic Taxation and Money Supply to Examine US REITs Pricing Bubbles.
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