The credit channel of monetary policy: Evidence from the housing market

This paper tests a credit channel of monetary policy (especially a bank-lending channel) in the housing market. We argue that the relevance of the credit channel depends on the structural features of the housing finance system, in particular efficiency and institutional organisation. We employ a VAR...

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Bibliographic details

Volume:	30
Main Author:	Iacoviello, Matteo Minetti, Raoul
Format:	Journal Article
Language:	English
Zielgruppe:	Academic
Place of publication:	AMSTERDAM Elsevier Inc 2008 ELSEVIER Elsevier Elsevier B.V
published in:	Journal of macroeconomics Vol. 30; no. 1; pp. 69 - 96
Data of publication:	2008
ISSN:	0164-0704 1873-152X
EISSN:	1873-152X
Discipline:	Economics
Series:	Journal of Macroeconomics
Subjects:	Vector autoregressions Monetary transmission Bank-lending channel Housing market Economics Business & Economics Social Sciences Home equity loans Analysis Economic aspects Market research House construction Housing Dwellings E51 C22 E52 E44 Monetary transmission Bank-lending channel G21 Vector autoregressions Housing market vector autoregressions TRANSMISSION bank-lending channel housing market monetary transmission
Online Access:	available in Bonn?
Database:	Social Sciences Citation Index Web of Science - Social Sciences Citation Index - 2008 Web of Knowledge Web of Science RePEc RePEc IDEAS CrossRef Academic OneFile (A&I only) Database information Databases - DBIS