Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
3439
1
0
9 trang
A number of OECD countries experienced an environment of low interest rates and a rapid increase in
housing market activity during the last decade. Previous work suggests three potential explanations for
these events: expansionary monetary policy, capital inflows due to a global savings glut and excessive
financial innovation combined with inappropriately lax financial regulation. In this study we examine
the effects of these three factors on the housing market. We estimate a panel VAR for a sample of
OECD countries and identify monetary policy and capital inflows shocks using sign restrictions.
To explore how these effects change with the structure...
Nội dung trích xuất từ tài liệu:
Low interest rates and housing booms: the role of capital inflows, monetary policy and financial innovation
