@phdthesis{Rueth2017,
  author    = {R{\"u}th, Sebastian},
  title     = {Monetary Policy, Housing Market Dynamics, and the Propagation of Shocks},
  url       = {http://nbn-resolving.de/urn:nbn:de:bvb:20-opus-137221},
  school      = {Universit{\"a}t W{\"u}rzburg},
  year      = {2017},
  abstract  = {This dissertation studies the interrelations between housing markets and monetary policy from three different perspectives. First, it identifies housing finance specific shocks and analyzes their impact on the broader economy and, most importantly, the systematic monetary policy reaction to such mortgage sector disturbances. Second, it investigates the implications of the institutional arrangement of a currency union for the potential buildup of a housing bubble in a member country of the monetary union by, inter alia, fostering border-crossing capital flows and ultimately residential investment activity. This dissertation, third, quantifies the effects of autonomous monetary policy shifts on the macroeconomy and, in particular, on housing markets by conditioning on financial sector conditions. From a methodological perspective, the dissertation draws on time-series econometrics like vector autoregressions (VARs) or local projections models.},
  subject      = {Geldpolitik},
  language  = {en}
}