The development of home ownership in the second half of the 20th century has been perceived as an asset and a significant contributor to wealth accumulation. However, rising property prices and increasingly stringent mortgage lending criteria have placed this model under pressure, particularly...

This paper aims to survey the existing literature on the relationship between banking and space. Many studies have documented disparities in the regional responses to monetary policy shocks. Given the fact that monetary policy affects some regions of the country more than others, a review of the...

We study the differential regional effects of monetary policy exploiting geographical heterogeneity in income across cities in the United States. We find that prices and employment in poorer cities react more to monetary policy shocks. The results for prices hold for a wide range of narrow...