Assenmacher-Wesche, Katrin; Gerlach, Stefan - Nationale Bank van België/Banque national de Belqique (BNB) - 2008
This paper studies the relationships between inflation, economic activity, credit, monetary policy, and residential property and equity prices in 17 OECD countries, using quarterly data for 1986-2006. Using a panel VAR, we find plausible and significant responses to a monetary policy shock....
