House Prices, Money, Credit and the Macroeconomy

By C. Goodhart, Boris Hofmann. Social Science Research Network, 2008

666 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/300b3986c69db8dba85093e4f155b737b4c0f476

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Economics and Econometrics

Citations in the corpus

Monetary policy, asset prices and macroeconomic conditions: a panel-VAR study. NBB Working Papers. No. 149, 16 October 2008 (2008, neutral): “ISSN: 1375-680X (print) ISSN: 1784-2476 (online) Monetary Policy, Asset Prices and Macroeconomic Conditions:”
CREDIT, HOUSING COLLATERAL, AND CONSUMPTION: EVIDENCE FROM JAPAN, THE U.K., AND THE U.S. (2012, neutral): “Indeed, Kohn (2008), Goodhart and Hofmann (2008), and others have called for the design and implementation of new central bank macro models with more realistic features.”
The Great Recession: US dynamics and spillovers to the world economy (2012, neutral): “The proposed interpretation is consistent with the results in Table 1, showing that a negative productivity shock (positive inflation shock) leads to an increase in the price level and a contraction in output, as well as with Gordon (2005), pointing to an important role of productivity growth for US”
The effectiveness of unconventional monetary policy at the zero lower bound : a cross-country analysis (2014, neutral): “See also Goodhart and Hofmann (2008) or Assenmacher-Wesche and Gerlach (2008) for a discussion of these issues and applications of panel VAR analysis to the link between monetary policy and asset prices in OECD countries.”
Competitiveness and Economic Growth in Romanian Regions (2016, neutral): “The reduced-form of the VAR model is: yn,t =μn + An (L)∙yn,t +εn,t’ (3) In the traditional approach, according to Goodhart and Hofmann (2008), the conections between cross-sections are neglected.”
On the macroeconomic determinants of the housing market in Greece: a VECM approach (2016, neutral): “Jud and Winkler (2002) and Painter and Redfearn (2002) argue that the influence of houses prices on interest rates is of minor importance while others that the interest rate is one of the most crucial macroeconomic factors of housing (Tsatsaronis and Zhu, 2004; Assenmacher-Wesche and Gerlach, 2008; ”
Is there a Bubble in the Chinese Housing Market? (2010, positive): “For example, Helbling & Terrones ( 2003 ) have pointed out that house price busts are associated with output losses twice as large as equity bubbles (see also Goodhart & Hofmann, 2008 ).”
Ensuring Financial Stability: Financial Structure and the Impact of Monetary Policy on Asset Prices (2008, positive): “Indeed, many observers have argued that property-price collapses have historically played an important role in episodes of financial instability at the level of individual financial institutions and the macro economy (e.g. Ahearne et al. 2005, Goodhart and Hofmann 2007a).”
No Price Like Home: Global House Prices, 1870-2012 (2014, neutral): “In the context of business cycles, the nexus between monetary policy and the housing market has become a rapidly expanding research field (Adam and Woodford, 2013; Goodhart and Hofmann, 2008; Del Negro and Otrok, 2007; Leamer, 2007).”