Showing 1 - 10 of 8,332
Persistent link: https://www.econbiz.de/10011890988
Persistent link: https://www.econbiz.de/10012241653
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,...
Persistent link: https://www.econbiz.de/10012252067
lower labour income and more widespread homeownership. An expansionary monetary policy can thus be effective in mitigating …
Persistent link: https://www.econbiz.de/10013448726
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 …
Persistent link: https://www.econbiz.de/10012827196
This paper examines the relation between money and housing variables in the euro area and in the US. Our empirical model is based on a standard money demand relation which is augmented by housing market variables. In doing so, co-integrated money demand relationships can be established for both...
Persistent link: https://www.econbiz.de/10010206407
Persistent link: https://www.econbiz.de/10009536912
Persistent link: https://www.econbiz.de/10009374632
real house price, residential investment and mortgage debt on the two sides of the Atlantic. Then, it presents evidence …
Persistent link: https://www.econbiz.de/10003971203
sides of the Atlantic, such as real house prices, residential investment and mortgage debt. It then presents evidence from …
Persistent link: https://www.econbiz.de/10013124765