Monetary policy and US housing expansions: The case of time-varying supply elasticities

We challenge the assumption in the literature of constant housing supply elasticities across housing expansions. Using a time-varying parameter (TVP)-VAR model on monthly US data since the early 1990s, we find that the response of housing supply to an expansionary monetary policy shock relative to t...

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Detalles Bibliográficos
Autores principales: Albuquerque, Bruno, Iseringhausen, Martin, Opitz, Frederic
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2020
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7428429/
https://www.ncbi.nlm.nih.gov/pubmed/32834240
http://dx.doi.org/10.1016/j.econlet.2020.109471

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7428429/
https://www.ncbi.nlm.nih.gov/pubmed/32834240
http://dx.doi.org/10.1016/j.econlet.2020.109471

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