Monetary Policy and the Housing Bubble

In the period ahead, house price inflation is expected to remain high (Chart 5.3), albeit somewhat lower than projected in the March Report, owing to the housing market

The dotted line in Chart 2 shows what inflation would have been had the Taylor rule been followed and if the final national accounts figures had been available at the time

Futures prices indicate a further increase to about USD 50 per barrel at the end of 2023, somewhat higher than assumed in the May Monetary Policy Update (Chart 3.B).. European

We consider di¤erent simple rules, including the classical Taylor rule, an optimal simple Bayesian rule, which minimizes the (weighted) average of the losses in the di¤erent

Existing closed economy rules like those advocated by Taylor (1993a) and Henderson and McKibbin (1993) may not account for the exchange rate channel of monetary transmission

High demand and limited supply contributed to a substantial rise in prices, and in the period between May 2020 and March 2021, house price inflation was high and markedly higher

Taking stock of this debate, in this paper we ask if “leaning against the wind ” (hence- forth LATW) — defined as monetary policy following an “augmented” Taylor rule, which

In this master thesis we analyze the effects of monetary policy shocks on economic and financial variables in Norway, where we focus in particular on the responses of house