Housing and Macroeconomy: The Role of Credit Channel, Risk -, Demand - and Monetary Shocks - Publikationsserver der Universität Regensburg

URN zum Zitieren dieses Dokuments:: urn:nbn:de:bvb:355-epub-346397

Dorofeenko, Victor ; Lee, Gabriel ; Salyer, Kevin ; Strobel, Johannes

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Veröffentlichungsdatum dieses Volltextes: 28 Sep 2016 09:21

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Zusammenfassung

This paper demonstrates that risk (uncertainty) along with the monetary (interest rates) shocks to the housing production sector are a quantitatively important impulse mechanism for the business and housing cycles. Our model framework is that of the housing supply/banking sector model as developed in Dorofeenko, Lee, and Salyer (2014) with the model of housing demand presented in Iacoviello and ...