THE EFFECTS OF THE FEDERAL RESERVE’S TAPERING ANNOUNCEMENTS ON THE US REAL ESTATE MARKET

Adrian Cantemir Calin

Studii Financiare (Financial Studies), 2015, vol. 19, issue 3, 79-90

Abstract: In May 2013, the Federal Reserve revealed its intentions to gradually reduce its quantitative easing programs, and at some point end them. The announcement of what became in the meantime known as tapering triggered significant reactions from international financial markets. Using an event – study approach, this paper tries to determine the impact of tapering news on the US real estate market. The results indicate the fact that the tapering announcements had a dim influence on the above mentioned market.

Keywords: tapering; Federal Reserve; real estate market; monetary policy (search for similar items in EconPapers)
JEL-codes: E58 G14 R30 (search for similar items in EconPapers)
Date: 2015
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