This paper studies the optimal interest rate rule in a DSGE model with housing market spillovers (Iacoviello and Neri …

and between generations and the non-exogenous nature of wealth accumulation, i.e. without new money owing into the housing …

This paper studies the implications of cross-country housing market heterogeneity for a monetary union, also comparing … general equilibrium model with housing and collateral constraints to explore this issue. Results show that in a monetary union …-specific housing price shocks consumption does not only increase in the country where the shock takes place, there is an international …

Should monetary policy lean against housing market booms? We approach this question using a small-scale, regime …-switching New Keynesian model, where housing market crashes arrive with a logit probability that depends on the level of household …