Dreger, Christian; Wolters, Jürgen - In: Review of Economics and Finance 1 (2011), pp. 43-52
markets in the years preceding the financial crisis. If linkages are strong, the inclusion of asset prices in the monetary … liquidity shocks on real share and house prices, VAR models are specified for the US and the euro area, as well as global VARs … to control for international feedback. The analysis points to some impact of liquidity shocks on house prices, but the …