The effect of monetary policy on housing: A factor-augmented vector autoregression (FAVAR) approach.
This study examines the link between monetary policy and the housing market. The analysis is conducted using impulse response functions derived from a factor-augmented vector autoregression (FAVAR) model. The FAVAR methodology as developed by Bernanke et al. (2005) avoids the degrees of freedom prob...
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| Định dạng: | Journal article |
| Ngôn ngữ: | English |
| Được phát hành: |
Routledge
2008
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