Housing Markets and Adjustment in Monetary Union
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper highlights the factors that limit or increase cyclical divergence in the euro area and reviews one
policy area that is important in fostering a speedy adjustment to shocks: the transmission of monetary
policy via the housing market. A high interest rate sensitivity of housing markets is beneficial as monetary
policy is more powerful in...
