In a study of 14 OECD countries, Barrell et al. (2010) found that a single percentage point rise in real house price growth is sufficient to raise the probability of a crisis by up to 0.74%.
I would again like to thank you for your participation today, and I look forward to your questions. 2  See Ben S. Bernanke (2010), “Brief Remarks,” speech delivered at the grand opening of the Junior Achievement Finance Park, Fairfax, Va., October 19. 2  BIS central bankers’ speeches