Housing and the Monetary Transmission Mechanism

The housing market is of central concern to monetary policy makers. To achieve the dual goals of price stability and maximum sustainable employment, monetary policy makers must understand the role that housing plays in the monetary transmission mechanism if they are to set policy instruments

住房市场是货币政策制定者的核心关注点。为实现物价稳定与最大可持续就业的双重目标，货币政策制定者若要设定政策工具，就必须理解住房在货币政策传导机制中所发挥的作用。