Economics, Econometrics and Finance
4 years ago

Unconventional monetary policies boost euro area house prices, sparking concerns.

Euro area house price fluctuations and unconventional monetary policy surprises
Oliver Hülsewig, Horst Rottmann

Paper Summary

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House prices in euro area countries went up in response to certain types of monetary policy surprises between 2010 and 2019. This means that when unconventional monetary policies were put in place, house prices tended to increase. It's important for policymakers to consider the potential impact on house prices when implementing new large-scale monetary policies.