Browsing BI Research Centre's Series by Subject "Non-linearity"
Now showing items 1-1 of 1
-
Asymmetric effects of monetary policy in regional housing markets
(CAMP Working Paper Series;7, Working paper, 2017-12)The responsiveness of house prices to monetary policy shocks depends both on the nature of the shock – expansionary versus contractionary – and on city-specific housing supply elasticities. We test and find supporting ...