Ensuring Financial Stability: Financial Structure and the Impact of Monetary Policy on Asset Prices

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Monetary policy, asset prices and macroeconomic conditions: a panel-VAR study. NBB Working Papers. No. 149, 16 October 2008 (2008, methodology): “4 See also the discussion in Assenmacher-Wesche and Gerlach (2008b).”
The great moderation of the term structure of UK interest rates (2009, background): “Furthermore, Assenmacher-Wesche and Gerlach (2008) show, using US data, that there is less evidence against the expectations hypothesis at business cycle frequencies, where monetary policy can reasonably be expected to exert the maximum impact.”
Are All the Sacred Cows Dead? Implications of the Financial Crisis for Macro- and Financial Policies (2010, background): “For example, the international evidence suggests that very large interest rate hikes may be necessary to bring housing prices down to any noticeable extent – so large in fact as to result in huge output losses (Assenmacher-Wesche and Gerlach 2008).”
On the macroeconomic determinants of the housing market in Greece: a VECM approach (2016, background): “…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; Iacoviello, 2005; Iacoviello and Pavan, 2011; Goodhart and Hofmann, 2008; Zan and Wang, 2012).”