Gorea, Denis; Kryvtsov, Oleksiy; Kudlyak, Marianna - 2022 - Last updated: September 20, 2022
Existing literature documents that house prices respond to monetary policy surprises with a significant delay, taking …-deviation contractionary monetary policy surprise lowers housing list prices by 0.2%- 0.3% within two weeks-a magnitude on par with the effect … on stock prices. House prices respond more strongly to the surprises to future rates as compared with the surprise …