Housing Prices and Monetary Policy

Natasha Ravo ()
Additional contact information
Natasha Ravo: LUISS Guido Carli University

Rivista Bancaria - Minerva Bancaria, 2014, issue 2-3

Abstract: Housing, credit and money turn out to be an essential triad for the assessment of the health of the economy, a trio in which each element is endogenously linked to the other. In order to maintain the balance within this relationship, policy makers could use monetary policy itself, through its main instrument (the policy rate), or they could introduce a secondary instrument which directly acts on the root of the problem (namely the counter-cyclical loan-to-value ratio), thus also ensuring the proper functioning of the third element of the above mentioned triad (monetary policy).

Keywords: House prices; monetary policy; credit; macro prudential policy (search for similar items in EconPapers)
JEL-codes: E32 E51 E52 E61 R30 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://rivistabancaria.it/rb-rivista-bancaria/housing-prices-and-monetary-policy (application/pdf)
Full text for Rivista Bancaria subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rvs:bancar:14_2-3_4

Access Statistics for this article

More articles in Rivista Bancaria - Minerva Bancaria from Istituto di Cultura Bancaria Francesco Parrillo
Bibliographic data for series maintained by Stefano Marzioni ( this e-mail address is bad, please contact ).