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The role of housing market in the effectiveness of monetary policy over the Covid-19 era
The efficiency of monetary policy substantially depends on the phase of the housing cycle since house prices are important determinants of banks’ willingness to lend. This paper presents evidence on 31 countries which shows that over the pandemic Covid-19 period, in a regime of a strong housing mark...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Elsevier B.V.
2021
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9754661/ https://www.ncbi.nlm.nih.gov/pubmed/36540753 http://dx.doi.org/10.1016/j.econlet.2021.109749 |