Liquidity, interest rates and house prices in the Euro area: a DSGE analysis
In this paper, we propose a two-country monetary union DSGE model with housing, in order to study how different shocks contributed to the increase in housing prices and credit in the EMU prior to the crisis. One of the countries is calibrated to represent the core group in the Euro area while the ot...
| Main Authors: | , |
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| Format: | Article |
| Published: |
Emerald
2016
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| Subjects: | |
| Online Access: | https://eprints.nottingham.ac.uk/30463/ |