Musso, Alberto; Neri, Stefano; Stracca, Livio - 2010
in the euro area. First, it establishes some stylised facts concerning key variables in the housing market, such as the … from Structural Vector Autoregressions (SVAR) by focusing on the effects of three structural shocks, (i) monetary policy … direction of a stronger role for housing in the transmission of monetary policy shocks in the US, while the evidence is less …