Blar i BI Research Centre's Series på forfatter "Jacobsen, Dag Henning"
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House prices and stock prices: Different roles in the U.S. monetary transmission mechanism
Bjørnland, Hilde C.; Jacobsen, Dag Henning (CAMP Working Paper Series;1/2012, Working paper, 2012)We analyze the role of house and stock prices in the monetary policy transmission mechanism in the U.S. using a structural VAR model. The VAR is identifed using a combination of short-run and long-run (neutrality) ...