Monetary Policy and Housing Overvaluation
收藏NBER2025-10-01 更新2025-11-01 收录
下载链接：
https://www.nber.org/papers/w34404
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资源简介：
This paper examines how housing market overvaluationmeasured by the price-to-rent ratio and its deviations from long-term trendsaffects the transmission of monetary policy. Using U.S. metropolitan-level data and three measures of monetary policy shocks, we find that house prices respond more
提供机构：
美国国家经济研究局
创建时间：
2025-10-01
