Gorea, Denis; Kryvtsov, Oleksiy; Kudlyak, Marianna - 2022
Existing literature documents that house prices respond to monetary policy surprises with a significant delay, taking … Service Dataset. Using high-frequency measures of monetary policy shocks, we document that a one …-standard-deviation contractionary monetary policy surprise lowers housing list prices by 0.2–0.3 percent within two weeks—a magnitude on par with the …