Zhang, Yanbing; Hua, Xiuping; Zhao, Liang - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2011
How do monetary policy variables affect housing prices? In this paper we apply a non-linear modelling approach, the … Nonlinear Auto Regressive Moving Average with eXogenous inputs (NAR-MAX), to investigate determinants of housing prices in China … prices in China and will provide some valuable insights on how to use monetary policies to manage asset prices. …