household indebtedness and housing price fluctuations compared with a monetary policy rule augmented with house price inflation … houses and we introduce news shocks on housing demand. We estimate the model with Canadian data using Bayesian methods. We … find that the introduction of news shocks can generate a housing market boom-bust cycle, the bust following unrealized …

We explore the interaction of monetary and macroprudential policy in a simple agent-based model of the housing market …. Our model shows that the impact of monetary policy on housing market dynamics is smaller than the impact of …

Housing market imbalances are a key source of systemic risk and can adversely affect housing affordability. This paper …, financial stability, and housing affordability. Not surprisingly, when faced with multiple objectives, deploying more policy …

Hong Kong, China's housing market witnessed dramatic appreciations recently, with the price index for private domestic … housing units being 3 times higher than 10 years ago. This trend is supported by both internal and external factors, as … illustrated in this paper. By providing a theoretical model and empirical analysis on the key variables influencing housing prices …

This paper assesses the role of the housing market in the transmission of conventional and unconventional monetary … policy across euro area regions. By exploiting a novel regional dataset on housing-related variables, a structural panel VAR … fashion across regions. Although the housing channel plays a minor role in the transmission of monetary policy to the economy …