THE EFFECT OF MONETARY POLICY SHOCKS ON HOUSING MARKET
GHEORGHE H. POPESCUABSTRACT. In the present paper, I focus on the responsiveness of house prices to monetary policy, the link between the housing market and economic activity in the U.S., the emergence of boom-bust cycles in house prices, and the role of the housing market in the business cycle. The mainstay of the paper is formed by an analysis of the relationship between asset bubbles and monetary policy, key factors responsible for large stock market and housing bubbles, the link between monetary policy and asset prices, and the relationship between interest rates and the behavior of stock and real estate prices. pp. 11–16
JEL codes: R31, E52, G12
Keywords: housing market, monetary policy shocks, price
How to cite: Popescu, Gheorghe H. (2013), “The Effect of Monetary Policy Shocks on Housing Market,” Journal of Self-Governance and Management Economics 1(1): 11–16.