Liquidity, interest rates and house prices in the Euro area: a DSGE analysis
(2016)
Journal Article
Rubio, M., & Carrasco-Gallego, J. A. (2016). Liquidity, interest rates and house prices in the Euro area: a DSGE analysis. Journal of European Real Estate Research, 9(1), 4-25. https://doi.org/10.1108/JERER-03-2015-0014
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 repr... Read More about Liquidity, interest rates and house prices in the Euro area: a DSGE analysis.