Comments on “ Housing , Monetary Policy , and the Recovery ”

نویسندگان

  • Michael Feroli
  • Ethan Harris
  • Amir Sufi
  • Kenneth West
  • James Bullard
چکیده

This is a discussion of the paper “Housing, Monetary Policy, and the Recovery,” by Michael Feroli, Ethan Harris, Amir Sufi, and Kenneth West. The paper is part of the 2012 U.S. Monetary Policy Forum. * This version: 23 February 2012. I appreciate helpful comments from the St. Louis Fed research staff, especially Bill Emmons, Carlos Garriga, and Rajdeep Sengupta. Any views expressed are my own and do not necessarily reflect the views of the Federal Open Market Committee.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Nonlinearity Transmission of Monetary Policy Through the House Price Channel; MSVAR Approach

In the past decades, the discussions between economists have changed of impact or no impact of monetary policy to effective monetary policy channels. Since, The housing sector has a large share in the household consumption basket, gross domestic product and wealth of the private sector, Then this sector play very decisive role in transfer transfer of monetary policy effects on production. There...

متن کامل

Housing in Banks’ Portfolio and its Effects on Monetary Policy in Iran

The recent housing market experience has led many to concern that the developments in the housing sector are not just a passive reflection of macroeconomic activities but instead might be one of the driving forces of them. In this context, it is crucial to understand the nature of the economy by considering the housing market and build a suitable monetary policy. In this paper, using Bayesian m...

متن کامل

The Impact of Foreign Trade on Residential Investment in Iran Economy

Countries typically use government fiscal and central bank monetary policy tools to achieve economic growth and development goals. On the other hand, due to the growing importance of international trade and interdependence of economies and also due to the importance of housing in the country's economy, this study will pay to examin the effects of monetary and fiscal policy variables and the imp...

متن کامل

بررسی تأثیر کانال قیمت دارایی‌ها در اثرگذاری سیاست پولی در ایران مطالعه موردی: شاخص قیمت مسکن.

The aim of this paper is to consider the effects of monetary policy on production and prices through asset price channel (the housing price index) in Iran during 1368Q1 to 1387Q4. By Vector Error Correction (VEC) Model, the effect of monetary policy has been considered through this channel. In general, the results show that the debt of banks to the central bank as instruments of monetary policy...

متن کامل

A Review of the Impact of Monetary Policy Shocks and Asset Markets' Behavior on Affordability of Urban Housing Prices in Iran

The purpose of this paper is to study the behavior of the housing price affordability index in the urban areas of Iran during the 1992-2017 period, and to explain the effect of monetary policy shocks and asset marketschr('39') performance on this index during the referred period. The Granger Cointegration Test was used to study the behavior of the mentioned index and the SVAR Model was applied ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2012