Darracq Pariès, Matthieu; Notarpietro, Alessandro - 2008
Credit frictions and the international
business cycle 23
4.1 Contribution of housing shocks
to economic fluctuations 23
4 …-related shocks.
Keywords: Housing, credit frictions, optimal monetary policy, new open economy macro-
economics, Bayesian estimation … households in determining business cycle dynamics and monetary
policy conduct. A common feature across the existing theoretical …