30 Ergebnisse
Sortierung:
In: Journal of Monetary Economics, Band 54, Heft 8, S. 2584-2594
In: Economic Inquiry, Band 57, Heft 1, S. 537-551
SSRN
In: Journal of economic dynamics & control, Band 37, Heft 12, S. 2397-2416
ISSN: 0165-1889
In: The economic journal: the journal of the Royal Economic Society, Band 117, Heft 523, S. 1380-1402
ISSN: 1468-0297
In: Journal of monetary economics, Band 53, Heft 8, S. 2267-2282
In: The Manchester School, Band 71, Heft 1, S. 20-34
ISSN: 1467-9957
We analyse the impact of financial liberalization on the link between monetary policy and house prices. We present a simple model of a small open economy subjectto credit constraints. The model shows that the higher the degree of financial liberalizationis, the stronger is the impact of interest rate shocks on house prices. We then usevector autoregressions to study the role of monetary policy shocks in house price fluctuations in Finland, Sweden and the UK, characterized by financial liberalizationepisodes over the last 20 years. We find that the response of house prices to interestrate surprises is bigger and more persistent in periods characterized by more liberalized financial markets.
In: Bank of Finland Research Discussion Paper No. 14/2000
SSRN
Working paper
In: Journal of international economics, Band 83, Heft 2, S. 109-125
ISSN: 0022-1996
In: Journal of economic dynamics & control, Band 161, S. 104838
ISSN: 0165-1889
SSRN
SSRN
SSRN
In: Journal of economic dynamics & control, Band 109, S. 103778
ISSN: 0165-1889
SSRN
SSRN
Working paper