The housing market becomes more essential in monetary policy. This paper attempts to analyse the role of the housing … the Hungarian housing and mortgage markets in the last years, as well as the expected developments and changes attendant … monetary policy on housing investment and consumption. Apart from the standard transmission channels, we identified two other …

housing market in the monetary transmission mechanism of Hungary. The housing market can influence monetary transmission … the monetary union. It then examines the developments in the Hungarian housing and mortgage markets in the last 15 years … monetary policy on housing investment and consumption through the wealth effect and house equity withdrawal. …

housing market in the monetary transmission mechanism of Hungary. The housing market can influence monetary transmission … the monetary union. It then examines the developments in the Hungarian housing and mortgage markets in the last 15 years … monetary policy on housing investment and consumption through the wealth effect and house equity withdrawal. …

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 …

-deviation contractionary monetary policy surprise lowers housing list prices by 0.2%- 0.3% within two weeks-a magnitude on par with the effect …

This working paper comments on Karsten Jeske and Dirk Krueger's 'Housing and the Macroeconomy: The Role of Implicit …