Resource title

Money and housing: evidence for the euro area and the US

Resource image

image for OpenScout resource :: Money and housing: evidence for the euro area and the US

Resource description

This paper examines the relation between money and housing variables in the euro area and in the US. Our empirical model is based on a standard money demand relation which is augmented by housing market variables. In doing so, co-integrated money demand relationships can be established for both the euro area and the US. Furthermore, we find evidence for asset inflation channels, that is, liquidity fuels housing market developments.

Resource author

Claus Greiber, Ralph Setzer

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/19691

Resource license

Adapt according to the presented license agreement and reference the original author.