Money and housing evidence for the euro area and the US
This paper examines the relation between money and housing variables in the euro area and in the US. Our empirical model is based on a standard money demand relation which is augmented by housing market variables. In doing so, co-integrated money demand relationships can be established for both the...
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
Frankfurt am Main
Dt. Bundesbank
2007
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| Schriftenreihe: | Discussion paper / Deutsche Bundesbank Series 1, Economic studies
12/2007 |
| Schlagworte: | |
| Online Zugang: | http://www.bundesbank.de/download/volkswirtschaft/dkp/2007/200712dkp.pdf http://opus.zbw-kiel.de/volltexte/2007/6135/pdf/200712dkp.pdf |
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Tag hinzufügen | Zusammenfassung: | This paper examines the relation between money and housing variables in the euro area and in the US. Our empirical model is based on a standard money demand relation which is augmented by housing market variables. In doing so, co-integrated money demand relationships can be established for both the euro area and the US. Furthermore, we find evidence for asset inflation channels, that is, liquidity fuels housing market developments. |
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| Beschreibung: | Literaturverz. S. 26 - 28 |
| Beschreibung: | 37 S. graph. Darst. b |
| ISBN: | 9783865583239 978-3-86558-323-9 9783865583246 978-3-86558-324-6 |