Arbeitspapier
Monetary policy and real estate prices: A disaggregated analysis for Switzerland
Most empirical studies found that monetary policy has a significant effect on house prices while stock markets remain unaffected by interest rate shocks. In this paper we conduct a more detailed analysis by studying various sub-segments of the real estate market. Em-ploying a new dataset for Switzerland we estimate vector autoregressive models and find substitution effects between house and apartment prices on the one hand and rental prices on the other. Interestingly enough, commercial property prices do not react on interest rate variations.
- Sprache
-
Englisch
- Erschienen in
-
Series: HWWI Research Paper ; No. 2-19
- Klassifikation
-
Wirtschaft
Interest Rates: Determination, Term Structure, and Effects
Monetary Policy
Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand
- Thema
-
monetary policy
interest rate shocks
real estate
stock market
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Berlemann, Michael
Freese, Julia
- Ereignis
-
Veröffentlichung
- (wer)
-
Hamburgisches WeltWirtschaftsInstitut (HWWI)
- (wo)
-
Hamburg
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 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
- Berlemann, Michael
- Freese, Julia
- Hamburgisches WeltWirtschaftsInstitut (HWWI)
Entstanden
- 2010
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