Liquidity, interest rates and house prices in the Euro area: a DSGE analysis

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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...

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Bibliographic Details
Main Authors:	Rubio, Margarita, Carrasco-Gallego, José A.
Format:	Article
Published:	Emerald 2016
Subjects:	Liquidity Interest Rates Monetary Policy House Prices Collateral Effects Asymmetric Shocks Asset Prices
Online Access:	https://eprints.nottingham.ac.uk/30463/

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