This paper investigates whether the Chinese real estate price rise is a national monetary shock and driven mainly by … prices in China reflect a national phenomenon, rather than a collection of “local bubbles”. In addition, the paper … empirically addresses the role of monetary shock and bank lending activities in the Chinese real estate market …

How far do China’s property prices need to drop in order to send the country into a recession? What does this question … explain how economies (mis)allocate resources during bubbles. A 15%-20% property price drop could cause recession, if China …

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 …