Gupta, Rangan; Jurgilas, Marius; Kabundi, Alain; … - In: International Journal of Strategic Property Management 16 (2011) 1, pp. 1-20
<title>ABSTRACT</title> Our paper considers the channel whereby monetary policy, a federal funds rate shock, affects the dynamics of the US housing sector. The analysis uses impulse response functions obtained from a large-scale Bayesian vector autoregressive model that incorporates 143 monthly macroeconomic...