Credit conditions, macroprudential policy and house prices
نویسندگان
چکیده
منابع مشابه
Discussion of “House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy”∗
The U.S. financial crisis of 2007–09 has engendered considerable research effort seeking to understand the interaction of the housing sector with the real economy. A primary obstacle to understanding this matter is the absence of a coherent model of the housing market. Justiniano, Primiceri, and Tambalotti (2012) make clear that standard dynamic stochastic general equilibrium models—of the kind...
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Stocks and houses as two major assets which play important role in the balance sheet of Iranian households. Changes in two markets have a large influence on wealth and the general economy. The purpose of this study is to examine the relationship between stock and house prices over a thirty-year period using vector auto-regression (VAR). Using yearly data for the period from 1985 to 2013, we con...
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ژورنال
عنوان ژورنال: Journal of Housing Economics
سال: 2018
ISSN: 1051-1377
DOI: 10.1016/j.jhe.2018.05.005