Shi, Song; Jou, Jyh-Bang; Tripe, David - In: Journal of Banking & Finance 47 (2014) C, pp. 15-28
This paper investigates how changes in the central bank policy and retail mortgage rates affected real housing prices in New Zealand during the period 1999–2009. We find that real interest rates are significantly and positively related to real housing prices, indicating that increases in the...
