Is There a Bubble in Brazilian Real State Market

  • Mário Jorge Mendonça
  • Adolfo Sachsida
Keywords: Real Estate Bubble, Austrian School, VAR Model, Stance of Fiscal Policy

Abstract

This article verifies the occurrence of a real estate bubble in the Brazilian economy. Overall, our results suggest the existence of a bubble in the real estate sector of the economy. The Austrian School of economics provides a solid explanation to this phenomenon, which are reinforced by statistical techniques, suggesting the Federal government, with equivocate fiscal and monetary policy, as the main responsible for the creation of this problem.

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Published
2014-06-01
How to Cite
1.
Mendonça MJ, Sachsida A. Is There a Bubble in Brazilian Real State Market. MisesJournal [Internet]. 2014Jun.1 [cited 2020Aug.8];2(1):109-38. Available from: https://misesjournal.org.br/misesjournal/article/view/585
Section
Economics, Methodology and Praxiology