Research Discussion Paper – RDP 2020-02 The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets
Calvin He and Gianni La Cava
February 2020
Contents
- Introduction
- Theoretical Framework
- Data
- Heterogeneity in the Sensitivity of Local Housing Prices to Monetary Policy
- The Distributional Effects of Monetary Policy on Housing Wealth
- Robustness Tests
- Conclusion
- Appendix A: Data Description
- Appendix B: Kendall and Tulip
- Appendix C: Rolling Samples References
- References
- Copyright and Disclaimer Notices
The Discussion Paper series is intended to make the results of the current economic research within the Reserve Bank available to other economists. Its aim is to present preliminary results of research so as to encourage discussion and comment. Views expressed in this paper are those of the authors and not necessarily those of the Reserve Bank. Use of any results from this paper should clearly attribute the work to the authors and not to the Reserve Bank of Australia.