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When does monetary policy sway house prices? : a meta-analysis

Ehrenbergerova, Dominika; Bajzik, Josef; Havránek, Tomáš - 2021

Several central banks have leaned against the wind in the housing market by increasing the policy rate preemptively to prevent a bubble. Yet the empirical literature provides mixed results on the impact of short-term interest rates on house prices: the estimated semi-elasticities range from -12...

Persistent link: https://www.econbiz.de/10012542292

Global financial cycles and risk premiums

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M.; … - 2018

Persistent link: https://www.econbiz.de/10011898961

House prices and stock prices : different roles in the US monetary transmission mechanism

Bjørnland, Hilde Christiane; Jacobsen, Dag Henning - 2012

Persistent link: https://www.econbiz.de/10010440416

Global Financial Cycles and Risk Premiums

Jordà, Òscar - 2018

This paper studies the synchronization of financial cycles across 17 advanced economies over the past 150 years. The comovement in credit, house prices, and equity prices has reached historical highs in the past three decades. The sharp increase in the comovement of global equity markets is...

Persistent link: https://www.econbiz.de/10012453043

How does house price influence monetary policy transmission?

Guo, Yumei; Huang, Xianjing; Peng, Yuchao - In: International review of financial analysis 72 (2020), pp. 1-16

Persistent link: https://www.econbiz.de/10012437431

Navigating the Housing Channel of Monetary Policy Across Euro Area Regions

Battistini, Niccolò; Falagiarda, Matteo; Hackmann, Angelina - 2022

This paper assesses the role of the housing market in the transmission of conventional and unconventional monetary … fashion across regions. Although the housing channel plays a minor role in the transmission of monetary policy to the economy … the diverse transmission of monetary policy to economic activity across regions, finding a larger impact in areas with …

Persistent link: https://www.econbiz.de/10014238369

Navigating the housing channel of monetary policy across euro area regions

Battistini, Niccolò; Falagiarda, Matteo; Hackmann, Angelina - 2022

Persistent link: https://www.econbiz.de/10013448726

House price responses to monetary policy surprises : evidence from the U.S. listings data

Gorea, Denis; Kryvtsov, Oleksiy; Kudlyak, Marianna - 2022

Persistent link: https://www.econbiz.de/10013368735

House price responses to monetary policy surprises : evidence from the U.S. listings data

Gorea, Denis; Kryvtsov, Oleksiy; Kudlyak, Marianna - 2022 - Last updated: September 20, 2022

Existing literature documents that house prices respond to monetary policy surprises with a significant delay, taking years to reach their peak response. We present new evidence of a much faster response. We exploit information contained in listings for residential properties for sale in the...

Persistent link: https://www.econbiz.de/10013370483

On the transmission of monetary policy to the housing market

Koeniger, Winfried; Lennartz, Benedikt; Ramelet, … - In: European economic review : EER 145 (2022), pp. 1-36

Persistent link: https://www.econbiz.de/10013348916