Gupta, Rangan; Jurgilas, Marius; Kabundi, Alain - Department of Economics, Faculty of Economic and … - 2009
This paper assesses the impact of monetary policy on real house price growth in South Africa using a factor-augmented vector autoregression (FAVAR), estimated based on a large data set comprising of 246 quarterly series over the period 1980:01 to 2006:04. The results based on the impulse...