Assenmacher-Wesche, Katrin; Gerlach, Stefan - House of Finance, Goethe Universität Frankfurt am Main - 2008
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 which we distinguish between groups of countries on...