Results 1 - 1 of 1 for recession [Author: Frank R. Smets]
House Prices and the Stance of Monetary Policy - Review
This article estimates a Bayesian vector autoregression for the U.S. economy that includes a housing sector and addresses the following questions: Can developments in the housing sector be explained on the basis of developments in real and nominal gross domestic product and interest rates?
research.stlouisfed.org/.../review/2008/07/01/house-prices-and-the-stance-of-monetary-policy
follow @stlouisfed