Yang, Zan; Wang, Songtao; Campbell, Robert - In: Journal of Policy Modeling 32 (2010) 6, pp. 865-879
This study measures the heterogeneous effects of monetary policy on regional house prices in Sweden 1991-2002. We use a multivariate persistent shock metric to examine the impact of short-term interest rate on the property market. We also segregate the influence of interest rate shocks and...