a r t i c l e i n f o Keywords: Loss aversion Downward housing price rigidity Monetary policy Threshold error correction model Asymmetric adjustment Previous studies have discovered the defensive characteristics of housing prices, which is also known as downward price rigidity. This paper discusses whether this feature would result in an asymmetric relationship between housing prices and moneta...

3 DIW Economic Bulletin 1.2013 With the crisis in the euro area, the issue of the institutional structure of the monetary union has gained in significance. One problem with regard to the longer-term stability of the euro area is the absence of mechanisms to adequately absorb asymmetric cyclical shocks in the individual member states. Such an instrument is essential in order to be able to implem...

Abstract This study examined the nexus between monetary policy and achievement of a bank’s profit objective. There have been lots arguments about benefits implementation on deposit money operations, since policies seen to impact their performance. was carried out establish influence variables like Liquidity Ratio, Interest Money supply (M 2 ), which are used as instruments, bank profitability T...