Arbeitspapier
Euro area house price fluctuations and unconventional monetary policy surprises
This paper examines the reaction of house prices in a panel of euro area countries to monetary policy surprises over the period 2010-2019. Using Jordà's (2005) local projection method, we find that house prices rise in response to expansionary monetary policy shocks that can be related to unconventional monetary policy measures. Thus, monetary policy should take into account the risk of house price fluctuations when implementing new large scale policy interventions.
- ISBN
-
978-3-937804-82-8
- Sprache
-
Englisch
- Erschienen in
-
Series: Weidener Diskussionspapiere ; No. 80
- Klassifikation
-
Wirtschaft
Monetary Policy
Central Banks and Their Policies
Business Fluctuations; Cycles
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Thema
-
House price fluctuations
unconventional monetary policy
local projection method
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hülsewig, Oliver
Rottmann, Horst
- Ereignis
-
Veröffentlichung
- (wer)
-
Ostbayerische Technische Hochschule Amberg-Weiden (OTH)
- (wo)
-
Weiden i.d.OPf.
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hülsewig, Oliver
- Rottmann, Horst
- Ostbayerische Technische Hochschule Amberg-Weiden (OTH)
Entstanden
- 2021
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