Gupta, Rangan; Jurgilas, Marius; Miller, Stephen M.; … - Department of Economics, Faculty of Economic and … - 2010
This paper considers how monetary policy, a Federal funds rate shock, affects the dynamics of the US housing sector and …:01 to 2003:12, including 21 housing-sector variables at the national and four census regions. Overall, the 100 basis point … the housing sector possibly emerges as a result of proper identification of monetary policy shocks within a data …