## Figure 3.11. Average Country-Level Housing Market “Spillovers” Have Increased (Percentage points)

## Source details

**Canonical URL:** [Figure 3.11. Average Country-Level Housing Market “Spillovers” Have Increased (Percentage points)](https://www.imf.org/-/media/files/publications/gfsr/2018/april/chapter-3/csv/figure3-11.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2018/april/chapter-3/csv/figure3-11.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2018/april/chapter-3/csv/figure3-11.csv.json)

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### Dataset description
- Worksheet name: csv
- rowCount: 13
- columnCount: 1
- Column header: "Figure 3.11. Average Country-Level Housing Market �Spillovers� Have Increased (Percentage points)"
- Data context: Average country-level housing market spillovers measured as percentage points.

### Key statistics (spillovers defined as the share of the house price variance in a country that can be accounted for by changes in another single country)
- Total
  - 1990�2006: 1.447
  - 2007�16: 2.079
- AEs to AEs
  - 1990�2006: 1.708
  - 2007�16: 2.39
- EMEs to EMEs
  - 1990�2006: 1.39
  - 2007�16: 1.94

### Notes and methodology (verbatim)
- "Source: IMF staff estimates."
- "Note: The figure is based on a vector autoregression of country?level house price growth rates (quarter over quarter) controlling for global factors for two sample periods (1990�2006 and 2007�16). Spillovers are defined as the share of the house price variance in a country that can be accounted for by changes in another single country. For methodology see Chapter 2 of the April 2016 Global Financial Stability Report. AEs = advanced economies; EMEs = emerging market economies."

*Source: figure3-11.csv*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/april/chapter-3/csv/figure3-11.csv_