99 Luftballons: Monetary policy and the house price boom across U.S. states

172 citations recorded by the source corpus.

How researchers see this paper

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No Price Like Home: Global House Prices, 1870-2012 (2014, unknown): “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).”
Collateral Constraints and Macroeconomic Asymmetries (2013, unknown): “The advantage of these data is that variation in house prices and economic activity is greater at the regional than at the aggregate level, as documented for instance by Del Negro and Otrok (2007), who find large heterogeneity across states in regard to the relative importance of the national factor”
Liquidity and the Dynamic Pattern of Asset Price Adjustment: A Global View (2010, background): “…of monetary policy, although drawing on interest rate changes as policy instruments rather than on changes in money aggregates (see e.g. Del Negro and Otrok, 2007, Giuliodori, 2005, Goodhart and Hofmann, 2001, assuming that all asset prices react with a lag to monetary policy shocks, and…”
Money and Housing: Evidence for the Euro Area and the Us (2007, unknown): “By explicitly taking liquidity considerations into account, we add to the recent literature which emphasises the role of housing for economic activity (Goodhart and Hofmann 2007) and the transmission of monetary policy (Guliodori 2005, Iacoviello 2005, Del Negro and Otrok 2007), but largely ignores ”