Housing markets, monetary policy, and the international co‐movement of housing bubbles

2020 ◽  
Vol 28 (2) ◽  
pp. 365-375
Author(s):  
Petre Caraiani ◽  
Adrian Cantemir Călin
Keyword(s):  
Monetary Policy ◽  
Housing Markets ◽  
Housing Bubbles

The impact of monetary policy on local housing markets: Do regulations matter?

2017 ◽  
Vol 54 (3) ◽  
pp. 989-1015 ◽  
Author(s):  
Xiaojin Sun ◽  
Kwok Ping Tsang
Keyword(s):  
Monetary Policy ◽  
Housing Markets ◽  
The Impact

Monetary policy influences in Australian housing markets

2015 ◽  
Vol 8 (2) ◽  
pp. 265-286 ◽  
Author(s):  
Gregory Costello ◽  
Patricia Fraser ◽  
Garry MacDonald
Keyword(s):  
Monetary Policy ◽  
Interest Rates ◽  
House Prices ◽  
Housing Markets ◽  
Empirical Method ◽  
Capital City ◽  
Monetary Policy Shocks ◽  
Content Type ◽  
Policy Shocks ◽  
The Impact

Purpose – This paper aims to analyze the impact of common monetary policy shocks on house prices at national and capital city levels of aggregation, using Australian data and the Lastrapes (2005) two-part structural vector autoregressive (SVAR) empirical method. Design/methodology/approach – The Lastrapes (2005) two-part SVAR empirical method is applied to Australian housing market and macroeconomic data to assess the impact of common monetary policy shocks on house prices. Findings – Results show that while the impact of shocks to interest rates on aggregate house prices is almost neutral, the responses of state capital city house prices to the same shock can exhibit significant asymmetries. Originality/value – This paper contributes to the monetary policy–asset price debate by examining the influence of Australian monetary policy on capital city housing markets over the period 1982-2012. To the authors’ knowledge, this is the first empirical study that has adapted this Lastrapes (2005) methodology to the analysis of housing markets.

scholarly journals Monetary Policy, Hot Housing Markets and Leverage

2015 ◽  
Vol 2015 (048) ◽  
pp. 1-50 ◽  
Author(s):  
Christoph Ungerer ◽  
Keyword(s):  
Monetary Policy ◽  
Housing Markets
Sign in / Sign up

Export Citation Format

Share Document