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

Claus Greiber and Ralph Setzer

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.

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Year of publication:	2007
Authors:	Greiber, Claus ; Setzer, Ralph
Publisher:	Düsseldorf : ROME
Subject:	Money demand \| asset inflation \| housing \| wealth \| Geldnachfrage \| Eurozone \| Euro area \| EU-Staaten \| EU countries \| USA \| United States \| Inflation \| Immobilienmarkt \| Real estate market \| Wohneigentum \| Homeownership \| Immobilienpreis \| Real estate price \| Geldpolitik \| Monetary policy \| Geldmenge \| Money supply

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Extent:	Online-Ressource (30 S.) graph. Darst.
Series:	ROME discussion paper series. - Düsseldorf : ROME, ISSN 1865-7052, ZDB-ID 2563182-2. - Vol. 07-04
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/88206 [Handle]
Classification:	E41 - Demand for Money ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010206407