Add to ORKGThis paper assesses how the degree of the mortgage market flexibility alters the effect of a residential house price shock on household credit and GDP. We estimate a panel vector autoregression model for a sample of 16 OECD countries for the period 1985Q1-2012Q4 and we identify a house price shock as an increase in the innovation term of house prices unrelated to the contemporaneous changes in output and inflation. Our results do not support the hypothesis of a stronger household credit and GDP response to a house price shock in countries with a more flexible mortgage market.nrpages: 23status: publishe
The main objective is to answer the question of what role does the housing market play for the trans...
There are substantial rebounds in house prices in many developed economies after the outbreak of COV...
This paper investigates how monetary policy stance and mortgage market structure affect non-fundamen...
Credit market frictions, captured by mortgage spreads, are potentially an equally important driver b...
Purpose The purpose of this paper is to evaluate the impact of macroeconomic condition and real est...
A number of OECD countries experienced an environment of low interest rates and a rapid increase in ...
This paper provides a discussion of the 'housing market' channels of the monetary transmission mecha...
The aim of this thesis is to study the role of house prices in influencing the effect of monetary po...
Abstract: This study analyses empirically the link between real house prices and key macro variables...
This paper explores the importance of housing and mortgage market heterogeneity in 12 European count...
This paper exploits a quarterly panel data set for 16 OECD countries over the period 1975q1–2013q2 t...
We study the role of institutional characteristics of mortgage markets in affecting the strength and...
We use a panel VAR to study the effect of shocks to capital inflows, which are identified using sign...
Abstract: We examine the properties of house price fluctuations across eighteen advanced economies o...
We o¤er a unique approach to identify the source of uctuations in house prices for 18 OECD countries...
The main objective is to answer the question of what role does the housing market play for the trans...
There are substantial rebounds in house prices in many developed economies after the outbreak of COV...
This paper investigates how monetary policy stance and mortgage market structure affect non-fundamen...
Credit market frictions, captured by mortgage spreads, are potentially an equally important driver b...
Purpose The purpose of this paper is to evaluate the impact of macroeconomic condition and real est...
A number of OECD countries experienced an environment of low interest rates and a rapid increase in ...
This paper provides a discussion of the 'housing market' channels of the monetary transmission mecha...
The aim of this thesis is to study the role of house prices in influencing the effect of monetary po...
Abstract: This study analyses empirically the link between real house prices and key macro variables...
This paper explores the importance of housing and mortgage market heterogeneity in 12 European count...
This paper exploits a quarterly panel data set for 16 OECD countries over the period 1975q1–2013q2 t...
We study the role of institutional characteristics of mortgage markets in affecting the strength and...
We use a panel VAR to study the effect of shocks to capital inflows, which are identified using sign...
Abstract: We examine the properties of house price fluctuations across eighteen advanced economies o...
We o¤er a unique approach to identify the source of uctuations in house prices for 18 OECD countries...
The main objective is to answer the question of what role does the housing market play for the trans...
There are substantial rebounds in house prices in many developed economies after the outbreak of COV...
This paper investigates how monetary policy stance and mortgage market structure affect non-fundamen...