Assenmacher-Wesche, Katrin; Gerlach, Stefan - 2008 - Revised draft
This paper studies the responses of residential property and equity prices, inflation and economic activity to monetary … policy shocks in 17 countries, using data spanning 1986 - 2006. We estimate VARs for individual economies and panel VARs in …, its importance appears limited. Keywords: asset prices, monetary policy, panel VAR. …