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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...
| Autores principales: | , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Elsevier B.V.
2020
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| Materias: | |
| 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 |