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Monetary policy and regional house-price appreciation

Cooper, Daniel; Luengo-Prado, Maria José; Olivei, … - 2016 - This version: November 30, 2016

This paper examines the link between monetary policy and house-price appreciation by exploiting the fact that monetary policy is set at the national level, but has different effects on state-level activity in the United States. This differential impact of monetary policy provides an exogenous...

Persistent link: https://www.econbiz.de/10011572070

Income inequality in Canada

Burkinshaw, Sarah; Terajima, Yaz; Wilkins, Carolyn A. - 2022

Concerns over rising inequality have heightened in the years following the 2007-09 global financial crisis and, more recently, with the COVID-19 pandemic. This staff discussion paper reviews the historical facts regarding income inequality in Canada, comparing Canada with the United States and...

Persistent link: https://www.econbiz.de/10013336143

The pass-through from inflation perceptions to inflation expectations

Huber, Stefanie J.; Minina, Daria; Schmidt, Tobias - 2023 - Version: June 19, 2023

households’ short- and long-term expectations about future inflation. This relationship is strong during periods of high …. Our results show that household perceptions about past inflation drive their expectations about future inflation rates …. The strength of the pass-through from perceptions to expectations varies across socioeconomic groups. We identify two …

Persistent link: https://www.econbiz.de/10014320795

Monopoly in real life : the housing market, finance and inequality

Baur, Dirk G. - 2019

This paper uses a simple model based on the board game Monopoly to analyze the drivers of house prices and wealth inequality. Simulations show that inequality generally builds up fast even if players have equal starting conditions and house prices are stable; rising house prices imply more...

Persistent link: https://www.econbiz.de/10012268409