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.

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Year of publication:	2007
Authors:	Greiber, Claus ; Setzer, Ralph
Publisher:	s.l. : Research On Money in the Economy (ROME)
Subject:	Money demand \| asset inflation \| housing \| wealth

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Series:	ROME Discussion Paper Series ; 07-04
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	772411077 [GVK] hdl:10419/88206 [Handle]
Classification:	E41 - Demand for Money ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	EconStor

Persistent link: https://www.econbiz.de/10010327308