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The Drivers of Housing Cycles in Spain1

The Drivers of Housing Cycles in Spain1 »

Source: The Drivers of Housing Cycles in Spain

Volume/Issue: 2009/203

Series: IMF Working Papers

Author(s): Pau Rabanal , and Oriol Aspachs-Bracons

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

ISBN: 9781451873504

Keywords: inflation, monetary shocks, price level, monetary economics, Financial Markets and the Macroeconomy, Open Economy Macroeconomics, Financial Constraints,

Since Spain joined the EMU, two main important factors behind the housing boom appear to be the decrease of nominal interest rates and demographic factors. In this paper we estimate a New Keynesian model of a curre...

Monetary Policy and Risk-Premium Shocks in Hungary

Monetary Policy and Risk-Premium Shocks in Hungary »

Source: Monetary Policy and Risk-Premium Shocks in Hungary : Results from a Large Bayesian VAR

Volume/Issue: 2011/259

Series: IMF Working Papers

Author(s): Adina Popescu , and Alina Carare

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

ISBN: 9781463923983

Keywords: Risk premium shocks, Transmission mechanism, Large Bayesian VAR, inflation, central bank, financial stability, foreign currency, General Aggregative Models: Forecasting and Simulation, Money and Interest Rates: Forecasting and Simulation, Bayesian Analysis

We document the transmission of monetary policy and risk-premium shocks in Hungary, by applying recent advances in the Bayesian estimation of large VAR models. The method allows extracting information from over 100...

The Drivers of Housing Cycles in Spain

The Drivers of Housing Cycles in Spain »

Volume/Issue: 2009/203

Series: IMF Working Papers

Author(s): Pau Rabanal , and Oriol Aspachs-Bracons

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

DOI: http://dx.doi.org/10.5089/9781451873504.001

ISBN: 9781451873504

Keywords: inflation, monetary shocks, price level, monetary economics, Financial Markets and the Macroeconomy, Open Economy Macroeconomics, Financial Constraints,

Since Spain joined the EMU, two main important factors behind the housing boom appear to be the decrease of nominal interest rates and demographic factors. In this paper we estimate a New Keynesian model of a curre...

Monetary Policy and Risk-Premium Shocks in Hungary
			: Results from a Large Bayesian VAR

Monetary Policy and Risk-Premium Shocks in Hungary : Results from a Large Bayesian VAR »

Volume/Issue: 2011/259

Series: IMF Working Papers

Author(s): Adina Popescu , and Alina Carare

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

DOI: http://dx.doi.org/10.5089/9781463923983.001

ISBN: 9781463923983

Keywords: Risk premium shocks, Transmission mechanism, Large Bayesian VAR, inflation, central bank, financial stability, foreign currency, General Aggregative Models: Forecasting and Simulation, Money and Interest Rates: Forecasting and Simulation, Bayesian Analysis

We document the transmission of monetary policy and risk-premium shocks in Hungary, by applying recent advances in the Bayesian estimation of large VAR models. The method allows extracting information from over 100...