Impact of Central Bank Real Estate Purchases on Asset Prices
This paper estimates the impact of central bank real estate purchases on asset prices, demonstrating an increase of 0.1% to 0.2% of Real Estate Investment Trust (REIT) prices in the hours following a typical intervention of 0.014% of market capitalization. At longer horizons, the purchases do not ap...
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Massachusetts Institute of Technology
2024
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| Online Access: | https://hdl.handle.net/1721.1/157083 |