This paper assesses the role of the housing market in the transmission of conventional and unconventional monetary … policy across euro area regions. By exploiting a novel regional dataset on housing-related variables, a structural panel VAR … fashion across regions. Although the housing channel plays a minor role in the transmission of monetary policy to the economy …

Since the onset of the Global Financial Crisis, the presence of institutional investors in housing markets has steadily … increased over time. Real estate funds (REIFs) and other housing investment rms leverage large-scale buy-to-rent investments in … real estate assets that enable them to set prices in rental housing markets. A signi cant fraction of this funding is being …

This paper investigates the importance of including data on new housing supply in Dynamic Stochastic General … financial sector and real estate sector, they have largely overlooked housing supply. I develop an extended DSGE model that … includes both the financial sector and endogenous housing supply and show that forecasting accuracy significantly improves when …

The Banking Euro Area Stress Test (BEAST) is a large scale semi-structural model developed to assess the resilience of …