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The Effects Of The Federal Reserve’S Tapering Announcements On The Us Real Estate Market

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  • CĂLIN, Adrian Cantemir

    (Institute for Economic Forecasting, Romanian Academy)

Abstract

In May 2013, the Federal Reserve revealed its intentions to gradually reduce its quantitative easing programs, and at some point end them. The announcement of what became in the meantime known as tapering triggered significant reactions from international financial markets. Using an event – study approach, this paper tries to determine the impact of tapering news on the US real estate market. The results indicate the fact that the tapering announcements had a dim influence on the above mentioned market.

Suggested Citation

  • CĂLIN, Adrian Cantemir, 2015. "The Effects Of The Federal Reserve’S Tapering Announcements On The Us Real Estate Market," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 19(3), pages 79-90.
    • Handle: RePEc:vls:finstu:v:19:y:2015:i:3:p:79-90
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    References listed on IDEAS

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    1. Lucian Liviu Albu & Radu Lupu & Cantemir Adrian Călin & Oana Cristina Popovici, 2014. "Estimating the Impact of Quantitative Easing On Credit Risk through an ARMA-GARCH Model," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 39-50, October.
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    More about this item

    Keywords

    tapering; Federal Reserve; real estate market; monetary policy;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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