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A lakáspiac szerepe a monetáris transzmisszióban
[The role of the housing market in monetary transmission]

Author

Listed:
  • Vadas, Gábor
  • Kiss, Gergely

Abstract

A lakáspiac a monetáris politika alakításának egyre fontosabb tényezője lesz. A ta nulmány a lakáspiac monetáris transzmisszióban betöltött szerepét igyekszik bemu tatni, külön figyelmet fordítva a magyar folyamatokra. A szerzők elsőként a fejlett országok tapasztalatait tekintik át, külön kitérve a monetáris unióval kapcsolatos kérdésekre. Ezt követően az elmúlt évek magyar folyamatait vizsgálják, és kísérletet tesznek az euró bevezetéséig terjedő időszakban várható fejlemények felvázolására. Ökonometriai eszközökkel próbálják megragadni a makrogazdasági változók és a lakásárak közötti kapcsolatot, valamint a monetáris politikának a háztartások lakás beruházására és fogyasztására gyakorolt hatását. Journal of Economic Literature (JEL) kód: E52.

Suggested Citation

  • Vadas, Gábor & Kiss, Gergely, 2006. "A lakáspiac szerepe a monetáris transzmisszióban [The role of the housing market in monetary transmission]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 408-427.
  • Handle: RePEc:ksa:szemle:841
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    References listed on IDEAS

    as
    1. Gabor Vadas & Gergely Kiss, 2005. "The Role of the Housing Market in Monetary Transmission," Macroeconomics 0512010, University Library of Munich, Germany.
    2. Case Karl E. & Quigley John M. & Shiller Robert J., 2005. "Comparing Wealth Effects: The Stock Market versus the Housing Market," The B.E. Journal of Macroeconomics, De Gruyter, vol. 5(1), pages 1-34, May.
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    6. Gábor Vadas, 2004. "Modelling Households’ Savings and Dwellings Investment – A Portfolio Choice Approach," International Real Estate Review, Global Social Science Institute, vol. 7(1), pages 31-55.
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    8. Aoki, Kosuke & Proudman, James & Vlieghe, Gertjan, 2004. "House prices, consumption, and monetary policy: a financial accelerator approach," Journal of Financial Intermediation, Elsevier, vol. 13(4), pages 414-435, October.
    9. Ming-Chi Chen & Kanak Patel, 1998. "House Price Dynamics and Granger Causality: An Analysis of Taipei New Dwelling Market," International Real Estate Review, Global Social Science Institute, vol. 1(1), pages 101-126.
    10. Malpezzi, Stephen, 1999. "A Simple Error Correction Model of House Prices," Journal of Housing Economics, Elsevier, vol. 8(1), pages 27-62, March.
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    12. Kashyap, Anil K. & Mojon, Benoît & Terlizzese, Daniele & Backé, Peter, 2002. "Monetary Transmission in the Euro Area : Where Do We Stand?," Working Paper Series 114, European Central Bank.
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    Cited by:

    1. Harnos László, 2018. "Cycles of the Housing Market in Hungary from the Economic Crisis until Today," Naše gospodarstvo/Our economy, Sciendo, vol. 64(2), pages 3-14, June.
    2. Karoly Fazekas & Gyorgy Molnar (ed.), 2011. "The Hungarian Labour Market 2011," The Hungarian Labour Market Yearbooks, Institute of Economics, Centre for Economic and Regional Studies, number 2011, December.

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    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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