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Homeownership rates are very different across European countries. They range from below 50% in Germany to over 80% in … Greece, Spain or Ireland. However the differences lie not only in the overall homeownership rates but also in its structure … significant determinant of the decision to move to homeownership in all analysed countries, while co-habitating households are …
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We study the transmission of monetary shocks across euro-area countries using a dynamic factor model and high-frequency identification. We develop a methodology to assess the degree of heterogeneity, which we find to be low in financial variables and output, but significant in consumption,...
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This paper investigates how monetary policy stance and mortgage market structure affect non-fundamental house price …-time monetary-easing shock can significantly trigger house price booms in Euro area countries with liberal mortgage markets. Such … find that, in countries with more regulated mortgage markets, monetary policy stance does not significantly affect non …
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