Money and housing: evidence for the euro area and the US

This paper examines the relation between money and housing variables in the euro area and in the US. Our empirical model is based on a standard money demand relation which is augmented by housing market variables. In doing so, co-integrated money demand relationships can be established for both the euro area and the US. Furthermore, we find evidence for asset inflation channels, that is, liquidity fuels housing market developments.

MoreLess

Year of publication:	2007
Authors:	Greiber, Claus ; Setzer, Ralph
Institutions:	Deutsche Bundesbank
Subject:	money demand \| asset inflation \| housing \| wealth

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Discussion Paper Series 1: Economic Studies.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2007,12
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; E41 - Demand for Money
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005083291