, (ii) credit supply and (iii) housing demand shocks on the housing market and the broader economy. We find that … clearcut for housing demand shocks. We also find that credit supply shocks matter more in the euro area. …

This paper investigates the responses of house prices and household credit to monetary policy shocks in Norway, using … household credit is muted. This is consistent with a relatively small refinancing rate of the mortgage stock each quarter. Using … to mitigate household credit may prove costly in terms of GDP and inflation variation. …

The credit bubble experienced by the Irish residential and financial sector immediately prior to the global financial … with the increase in housing demand came a significant degree of credit market liberalisation which resulted in a … substantial increase in the availability of mortgage credit. This in turn additionally fuelled the emerging house price bubble …

This study shows that, in the United States, the effects of monetary policy on credit and housing markets have become …. Macroeconomic stabilization through monetary policy may therefore have become associated with greater fluctuations in credit and … housing markets, whereas stabilizing credit and house prices may have become less costly in terms of macroeconomic volatility …

credit conditions on it has been added to econometric assessments in recent years. Using a new cross-country panel, we … estimate the impact of variations in credit conditions on the house price to rent ratio between 1994 and 2015 on both a panel … credit markets. In line with other recent studies, our results establish the relevance of credit conditions to the house …