The paper provides a review of the estimation of structural vector autoregressions with sign
restrictions. It is shown how sign restrictions solve the parametric identification problem …

Regional shocks are an important feature of the US economy. Households' ability to self-
insure against these shocks depends on how they affect local interest rates. In the United …

This paper provides a systematic empirical analysis of the role of the housing market in the
macroeconomy in the US and the euro area. First, it establishes some stylised facts …

The research aims to provide new empirical evidence by testing the impact of the external
shocks namely: oil prices and the US interest rate on Turkey's real estate market by using …

The transmission of monetary policy to the economy is generally thought to have long and
variable lags. In this paper we quantitatively review the modern literature on monetary …

How do macroeconomic variables affect housing prices? In this paper we apply a non-linear
modeling approach, the Nonlinear Auto Regressive Moving Average with eXogenous inputs …

The withdrawal of foreign capital from emerging countries at the height of the recent financial
crisis and its quick return sparked a debate about the impact of capital flow surges on asset …

While the role of housing markets in the run up to the recent financial crisis is well
documented, we consider how housing markets have since responded to unconventional …

This paper assesses the impact of monetary policy on real house price growth in South
Africa using a factor-augmented vector autoregression (FAVAR), estimated using a large …

This paper analyzes the dynamic interactions between real estate markets, in the US and
the UK and their macroeconomic environments. We apply a new approach based on a …