bis- 货币政策与住房市场 Monetary policy and housing markets insights using a novel measure of housing supply elasticity.pdfVIP

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bis- 货币政策与住房市场 Monetary policy and housing markets insights using a novel measure of housing supply elasticity.pdf

RyanBanerjeeDenisGoreaDenizIganGaborPinter

ryan.banerjee@bis.orgdenis.gorea@bis.orgdeniz.igan@bis.orggabor.pinter@bis.org

Monetarypolicyandhousingmarkets:insights

usinganovelmeasureofhousingsupplyelasticity1

Thisspecialfeatureexploreshowtheresponsivenessofnewhousingsupplytohouseprices(the

supplyelasticity)affectsthetransmissionofmonetaryp

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