Finocchiaro, Daria (contributor); … - 2007
movements did play a separate role in the U.S., U.K.. and Japanese central bank reaction functions. -- House prices ; monetary … vivid debate on the possible implications for monetary policy. In this paper, we ask whether the U.S. Fed, the Bank of Japan … structural model for each country where credit constrained agents borrow against real estate. The main result is that house price …