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This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the … of key macroeconomic variables to a monetary policy shock. We propose a datadriven approach that splits our panel of … countries into two disjoint groups according to the impact of the monetary policy shock on real house prices. Our results show …
Persistent link: https://www.econbiz.de/10003872444
real house price, residential investment and mortgage debt on the two sides of the Atlantic. Then, it presents evidence …
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This paper explores the importance of housing and mortgage market heterogeneity in 13 European countries for the … responses of key macroeconomic variables to a monetary policy shock. We split our sample of countries into two disjoint groups … according to the impact of the monetary policy shock on real house prices. Our results suggest that in countries with a more …
Persistent link: https://www.econbiz.de/10011389092