McDonald, John F.; Stokes, Houston H. - In: Economics & Finance Research 1 (2013) 1, pp. 82-91
The article uses three alternative models and monthly data to investigate whether the Federal Funds Rate or the rate on standard 30 year mortgages in the US for the period 1987 to 2010 impacts an index of housing prices. The results indicate that positive shocks to the Federal Funds Rate are...
