The role of the housing market in monetary transmission

• Authors: Kiss G. , Vadas G.
• Languages of publication: HU

Abstracts

EN

The housing market is among the most important shaping factors behind monetary policy. This study sets out to reveal the role of the housing market in monetary transmission with special attention to Hungary. The authors begin by reviewing experience in the developed countries, especially experience with the monetary union. Then comes an account of processes in Hungary in the last few years and a tentative outline of likely events in the period up to introduction of the euro. An attempt is made by econometric methods to identify the relation between macroeconomic changes and housing prices, and the effects of monetary policy on housing investment and consumption by households.

Keywords

EN

FISCAL POLICY; HOUSING MARKET; MONETARY TRANSMISSION

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Committee for Economic Sciences of the Hungarian Academy of Sciences
• Journal: Kozgazdasagi Szemle (Economic Review)
• Year: 2006
• Volume: 53
• Issue: 5
• Pages: 408-427
• Document type: ARTICLE

Contributors

author

Kiss G.

author

Vadas G.

• G. Kiss, no address given, contact the journal editor

Identifiers

CEJSH db identifier

07HUAAAA02986101