scholarly journals Housing Markets and Unconventional Monetary Policy

2015 ◽  
Author(s):  
Charles Rahal
Keyword(s):  
Monetary Policy ◽  
Housing Markets ◽  
Unconventional Monetary Policy

scholarly journals INTERNATIONAL HOUSING MARKETS, UNCONVENTIONAL MONETARY POLICY, AND THE ZERO LOWER BOUND

2018 ◽  
Vol 24 (4) ◽  
pp. 774-806 ◽  
Author(s):  
Florian Huber ◽  
Maria Teresa Punzi
Keyword(s):  
Monetary Policy ◽  
Interest Rates ◽  
Housing Markets ◽  
Unconventional Monetary Policy ◽  
Vector Autoregressive ◽  
Forward Guidance ◽  
The United Kingdom ◽  
Time Varying Parameter ◽  
The Usa ◽  
Monetary Policy Transmission Mechanism

In this paper, we analyze the relationship between unconventional monetary policy (UMP), measured through shadow interest rates, and housing markets for the USA, the United Kingdom, Japan, and the Euro Area using a set of time-varying parameter vector autoregressive models. Our findings suggest that the monetary policy transmission mechanism to the housing market has not changed with the implementation of quantitative easing or forward guidance for most economies considered. A counterfactual exercise provides some evidence that UMP has been particularly successful in dampening the consequences of the financial crisis on housing markets in the USA, while the effects are more muted in the remaining countries considered.

Trade Credit and the Transmission of Unconventional Monetary Policy

2020 ◽  
Author(s):  
Manuel Adelino ◽  
Miguel Almeida Ferreira ◽  
Mariassunta Giannetti ◽  
Pedro M. Pires
Keyword(s):  
Monetary Policy ◽  
Trade Credit ◽  
Unconventional Monetary Policy

Conclusions

2017 ◽  
Author(s):  
Yilmaz Akyüz
Keyword(s):  
Monetary Policy ◽  
Financial Crisis ◽  
Interest Rates ◽  
Global Financial Crisis ◽  
Developing Economies ◽  
Quantitative Easing ◽  
Unconventional Monetary Policy ◽  
Advanced Economies ◽  
The Global Financial Crisis ◽  
Zero Bound

The preceding chapters have examined the deepened integration of emerging and developing economies (EDEs) into the international financial system in the new millennium and their changing vulnerabilities to external financial shocks. They have discussed the role that policies in advanced economies played in this process, including those that culminated in the global financial crisis and the unconventional monetary policy of zero-bound interest rates and quantitative easing adopted in response to the crisis, as well as policies in EDEs themselves....

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