The recent global financial crisis has highlighted the potential conflict between improving
access to housing finance and maintaining financial stability. Using a new dataset on …

This paper investigates the international spillovers of housing demand shocks on real
economic activity. The global economy is modeled using a Global VAR, with a novel house …

What caused the housing boom of the 2000s? A number of researchers have suggested that
loose monetary policy during the first half of the 2000s was a primary cause of the …

We use a structural Bayesian stochastic search variable selection VAR model to investigate
the heterogeneous effects of housing demand shocks on economic and lending activities …

Several central banks have leaned against the wind in the housing market by increasing the
policy rate preemptively to prevent a bubble. Yet the empirical literature provides mixed …

The growing literature on macroprudential regulation focuses on how a combination of
monetary and macroprudential policies can boost macroeconomic and financial stability. We …

This paper develops a two-agent, two-sector, open-economy DSGE model with a housing-
market sector and a borrowing constraint. Contrary to standard conventions, domestic …

This paper studies the impact of conventional and unconventional monetary policy on house
prices in the Scandinavian countries, using sign and zero restrictions in a Bayesian …

This paper studies the implications of cross-country housing-market heterogeneity in a
monetary union for both shock transmission and welfare. I develop a two-country new …

We analyze the evolution and main drivers of residential investment in 15 advanced
economies using a large panel with quarterly data since the 1970s. Residential investment …