Alexander Chudik

3 weeks ago | dallasfed.org | Alexander Chudik |M. Hashem Pesaran |Ron Smith

Research Department Working Papers No. 2523 Abstract: This paper provides a new methodology for the analysis of multiple long-run relations in panel data models where the cross-section dimension, n, is large relative to the time-series dimension, T. For panel data models with large n, researchers have focused on panels with a single long-run relationship.

Aug 15, 2023 | dallasfed.org | Alexander Chudik |Anil Kumar

The housing and real estate sectors attract outsized attention during a period of quickly escalating interest rates such as the Fed’s ongoing tightening cycle that began in March 2022. Housing and real estate, because of their rate sensitivity, are among the first influenced by interest rate changes because the sectors are a primary transmission channel for monetary policy throughout the economy.