Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/66038
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dc.contributor.authorBerlemann, Michaelen_US
dc.contributor.authorFreese, Juliaen_US
dc.date.accessioned2010-12-06en_US
dc.date.accessioned2012-11-06T15:30:06Z-
dc.date.available2012-11-06T15:30:06Z-
dc.date.issued2010en_US
dc.identifier.piurn:nbn:de:gbv:705-opus-270940en_US
dc.identifier.urihttp://hdl.handle.net/10419/66038-
dc.description.abstractMost empirical studies found that monetary policy has a significant effect on house prices while stock markets remain unaffected by interest rate shocks. In this paper we conduct a more detailed analysis by studying various sub-segments of the real estate market. Employing a new dataset for Switzerland we estimate vector autoregressive models and find substitution effects between house and apartment prices on the one hand and rental prices on the other. Interestingly enough, commercial property prices do not react on interest rate variations.en_US
dc.language.isoengen_US
dc.publisher|aHelmut-Schmidt-Univ. |cHamburgen_US
dc.relation.ispartofseries|aDiskussionspapier, Helmut-Schmidt-Universität, Fächergruppe Volkswirtschaftslehre |x105en_US
dc.subject.jelE43en_US
dc.subject.jelE52en_US
dc.subject.jelR21en_US
dc.subject.ddc330en_US
dc.subject.keywordMonetary policyen_US
dc.subject.keywordinterest rate shocksen_US
dc.subject.keywordreal estateen_US
dc.subject.keywordstock marketen_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwZinspolitiken_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwImmobilienpreisen_US
dc.subject.stwMieteen_US
dc.subject.stwVAR-Modellen_US
dc.subject.stwSchätzungen_US
dc.subject.stwSchweizen_US
dc.titleMonetary policy and real estate prices: A disaggregated analysis for Switzerlanden_US
dc.typeWorking Paperen_US
dc.identifier.ppn637825667en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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