Abstract:When disentangling the real effects of bank credit in the demand-supply dynamics of both the asset market and the real economy, it is disaggregate bank credit, which holds quantitatively important information. This is all the more relevant when persistent economic policy uncertainty dominates the demand-supply equilibrium in these markets. To examine this in the context of the international housing market, we develop an empirically testable framework and perform a panel VAR estimation for a unique quarterly da… Show more
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.