Browsing Senter for velferds- og arbeidslivsforskning (SVA) by Journals "American Economic Journal: Macroeconomics"
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Asymmetric effects of monetary policy in regional housing markets
(American Economic Journal: Macroeconomics;Vol. 14, No. 4, Peer reviewed; Journal article, 2021-10-04)The responsiveness of house prices to monetary policy shocks depends on the nature of the shock—expansionary versus contractionary—and on local housing supply elasticities. These findings are established using a panel of ...