Gupta, Rangan; Jurgilas, Marius; Kabundi, Alan; Miller, … - Department of Economics, University of Nevada-Las Vegas - 2009
Our paper considers this channel whereby monetary policy, a Federal funds rate shock, affects the dynamics of the US housing sector. The analysis uses impulse response functions obtained from a large-scale Bayesian Vector Autoregression (LBVAR) model that incorporates 143 monthly macroeconomic...