Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/147694 
Year of Publication: 
2013
Citation: 
[Journal:] Economics & Finance Research [ISSN:] 2164-9499 [Volume:] 1 [Issue:] 1 [Publisher:] Taylor & Francis [Place:] Abingdon [Year:] 2013 [Pages:] 82-91
Publisher: 
Taylor & Francis, Abingdon
Abstract: 
The article uses three alternative models and monthly data to investigate whether the Federal Funds Rate or the rate on standard 30 year mortgages in the US for the period 1987 to 2010 impacts an index of housing prices. The results indicate that positive shocks to the Federal Funds Rate are associated with housing price changes in the negative direction and the mortgage rate in the positive direction. Shocks to the mortgage rate have no statistically significant impact on housing prices except when the data are filtered with the Christiano and Fitzgerald (2003) procedure and a vector auto-regression model using 16 lags is estimated.
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.