Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/66038 
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dc.contributor.authorBerlemann, Michaelen
dc.contributor.authorFreese, Juliaen
dc.date.accessioned2010-12-06-
dc.date.accessioned2012-11-06T15:30:06Z-
dc.date.available2012-11-06T15:30:06Z-
dc.date.issued2010-
dc.identifier.piurn:nbn:de:gbv:705-opus-270940en
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
dc.language.isoengen
dc.publisher|aHelmut-Schmidt-Universität - Universität der Bundeswehr Hamburg, Fächergruppe Volkswirtschaftslehre |cHamburgen
dc.relation.ispartofseries|aDiskussionspapier |x105en
dc.subject.jelE43en
dc.subject.jelE52en
dc.subject.jelR21en
dc.subject.ddc330en
dc.subject.keywordMonetary policyen
dc.subject.keywordinterest rate shocksen
dc.subject.keywordreal estateen
dc.subject.keywordstock marketen
dc.subject.stwGeldpolitiken
dc.subject.stwZinspolitiken
dc.subject.stwWirkungsanalyseen
dc.subject.stwImmobilienpreisen
dc.subject.stwMieteen
dc.subject.stwVAR-Modellen
dc.subject.stwSchätzungen
dc.subject.stwSchweizen
dc.titleMonetary policy and real estate prices: A disaggregated analysis for Switzerland-
dc.typeWorking Paperen
dc.identifier.ppn637825667en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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