Detail práce

The Effect of Unconventional Monetary Policy of ECB on Housing Prices

Autor: Bc. Vojtěch Górecki
Rok: 2018 - letní
Vedoucí: prof. Roman Horváth Ph.D.
Konzultant:
Typ práce: Bakalářská
Jazyk: Anglicky
Stránky: 77
Ocenění:
Odkaz: https://is.cuni.cz/webapps/zzp/detail/191636/
Abstrakt: Thethesisexaminestherelationshipbetweentheunconventional monetary
policyofECBandhousing markets. Weconducttheempiricalanalysison
quarterlypaneldataconsistingofvariablesfromselectedeuroareacountries
overtheperiod2007Q4-2017Q4. Theunconventional monetarypolicyis
measuredwiththe Wu-XiaShadowrate. ThepanelVAR modelestimation
providesonlyweakevidenceonthepositiveeffectoftheunconventionalmonetarypolicyonhousingprices.
Theevidenceonthe mortgageratesis more
convincinginestimatingsignificantresponsethatspansovertwoyearswith
peakatoneyearmark.Theresultsoftheindividualcountryanalysisindicate
theheterogeneityofresponses,whiletheeffectislesssignificantincountries
thatweremoreaffectedbythefinancialandsovereigndebtcrisis.
Srpen 2022
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