## Figure 2.1.1. Instantaneous Quasi-Correlation of Downside Risks in House Price

## Source details

**Canonical URL:** [Figure 2.1.1. Instantaneous Quasi-Correlation of Downside Risks in House Price](https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch2data/csv/boxfigure-211.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2019/april/english/ch2data/csv/boxfigure-211.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2019/april/english/ch2data/csv/boxfigure-211.csv.json)

---

### 1. Synchronization of HaR at Global Level
- Time index (quarterly): Jan-94, Apr-94, Jul-94, Oct-94, Jan-95, Apr-95, Jul-95, Oct-95, Jan-96, Apr-96, Jul-96, Oct-96, Jan-97, Apr-97, Jul-97, Oct-97, Jan-98, Apr-98, Jul-98, Oct-98, Jan-99, Apr-99, Jul-99, Oct-99, Jan-00, Apr-00, Jul-00, Oct-00, Jan-01, Apr-01, Jul-01, Oct-01, Jan-02, Apr-02, Jul-02, Oct-02, Jan-03, Apr-03, Jul-03, Oct-03, Jan-04, Apr-04, Jul-04, Oct-04, Jan-05, Apr-05, Jul-05, Oct-05, Jan-06, Apr-06, Jul-06, Oct-06, Jan-07, Apr-07, Jul-07, Oct-07, Jan-08, Apr-08, Jul-08, Oct-08, Jan-09, Apr-09, Jul-09, Oct-09, Jan-10, Apr-10, Jul-10, Oct-10, Jan-11, Apr-11, Jul-11, Oct-11, Jan-12, Apr-12, Jul-12, Oct-12, Jan-13, Apr-13, Jul-13, Oct-13, Jan-14, Apr-14, Jul-14, Oct-14, Jan-15, Apr-15, Jul-15, Oct-15, Jan-16, Apr-16, Jul-16, Oct-16, Jan-17, Apr-17, Jul-17, Oct-17
- HaR at the 5th Percentile (global median) by quarter:
  - Jan-94: -0.039158288
  - Apr-94: -0.015567334
  - Jul-94: -0.009685654
  - Oct-94: -0.005994192
  - Jan-95: -0.008760614
  - Apr-95: 0.008378416
  - Jul-95: 0.018273139
  - Oct-95: 0.016112024
  - Jan-96: 0.019243099
  - Apr-96: 0.048327293
  - Jul-96: 0.047035079
  - Oct-96: 0.060595483
  - Jan-97: 0.031331375
  - Apr-97: 0.09639255
  - Jul-97: 0.171205312
  - Oct-97: 0.134972155
  - Jan-98: -0.007514946
  - Apr-98: -0.003337599
  - Jul-98: -0.006795701
  - Oct-98: -0.010251448
  - Jan-99: -0.00135321
  - Apr-99: 0.025162937
  - Jul-99: 0.041336492
  - Oct-99: 0.024293883
  - Jan-00: 0.145514071
  - Apr-00: 0.092435598
  - Jul-00: 0.062152959
  - Oct-00: 0.095444828
  - Jan-01: 0.04919241
  - Apr-01: 0.027532158
  - Jul-01: 0.019441951
  - Oct-01: -0.000691254
  - Jan-02: 0.000847405
  - Apr-02: 0.001949772
  - Jul-02: 0.005914575
  - Oct-02: 0.023450306
  - Jan-03: 0.015336901
  - Apr-03: 0.037455082
  - Jul-03: 0.063993633
  - Oct-03: 0.096840091
  - Jan-04: 0.129507869
  - Apr-04: 0.058179118
  - Jul-04: 0.015909238
  - Oct-04: -0.006964274
  - Jan-05: -0.000826511
  - Apr-05: -0.016627396
  - Jul-05: -0.023452083
  - Oct-05: -0.028770799
  - Jan-06: 0.005308124
  - Apr-06: -0.038026281
  - Jul-06: -0.047279112
  - Oct-06: -0.031021636
  - Jan-07: -0.020305224
  - Apr-07: -0.025231848
  - Jul-07: -0.017113671
  - Oct-07: 0.041912299
  - Jan-08: 0.052111801
  - Apr-08: 0.004830198
  - Jul-08: 0.130089611
  - Oct-08: 0.189748093
  - Jan-09: 0.245675147
  - Apr-09: 0.047587723
  - Jul-09: -0.007539541
  - Oct-09: -0.018815033
  - Jan-10: -0.003802682
  - Apr-10: -0.01111321
  - Jul-10: 0.00149491
  - Oct-10: -0.014993967
  - Jan-11: -0.013541589
  - Apr-11: -0.008684747
  - Jul-11: -0.001944514
  - Oct-11: -0.006223143
  - Jan-12: -0.00628569
  - Apr-12: -0.001341198
  - Jul-12: 0.005431481
  - Oct-12: 0.003853154
  - Jan-13: -0.010355396
  - Apr-13: -0.011193894
  - Jul-13: -0.011019473
  - Oct-13: -0.00714245
  - Jan-14: -0.004460813
  - Apr-14: -0.001029921
  - Jul-14: -0.004113308
  - Oct-14: 0.000264456
  - Jan-15: -0.001105091
  - Apr-15: 0.00477361
  - Jul-15: -0.006084583
  - Oct-15: 0.003868127
  - Jan-16: -0.001629009
  - Apr-16: -0.022185322
  - Jul-16: -0.004582111
  - Oct-16: -0.006147111
  - Jan-17: 0.003226093
  - Apr-17: 0.039699763
  - Jul-17: 0.057182211
  - Oct-17: -0.046412937

### 2. Synchronization of HaR within Different Country Groups
- The worksheet contains a section titled "2. Synchronization of HaR within Different Country Groups".
- No numeric observations are present in the sample rows for this section in the provided dataset excerpt.

*Data: boxfigure-211 (csv worksheet) — Figure 2.1.1. Instantaneous Quasi-Correlation of Downside Risks in House Price*

---


_Source: https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch2data/csv/boxfigure-211.csv_