Monetary policy shocks, changing credit conditions and the house price to rent ratio: The case of the Irish property market
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- John V. Duca & John Muellbauer & Anthony Murphy, 2021. "What Drives House Price Cycles? International Experience and Policy Issues," Journal of Economic Literature, American Economic Association, vol. 59(3), pages 773-864, September.
- Dale Jorgenson, 1967. "The Theory of Investment Behavior," NBER Chapters, in: Determinants of Investment Behavior, pages 129-175, National Bureau of Economic Research, Inc.
- Honohan, Patrick & Donovan, Donal & Gorecki, Paul & Mottiar, Rafique, 2010. "The Irish Banking Crisis: Regulatory and Financial Stability Policy," MPRA Paper 24896, University Library of Munich, Germany.
- Charles Himmelberg & Christopher Mayer & Todd Sinai, 2005.
"Assessing High House Prices: Bubbles, Fundamentals and Misperceptions,"
Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 67-92, Fall.
- Charles P. Himmelberg & Christopher J. Mayer & Todd M. Sinai, 2005. "Assessing high house prices: bubbles, fundamentals, and misperceptions," Staff Reports 218, Federal Reserve Bank of New York.
- Charles Himmelberg & Christopher Mayer & Todd Sinai, 2005. "Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions," NBER Working Papers 11643, National Bureau of Economic Research, Inc.
- Lane, Philip R., 2017. "The Treatment of Global Firms in National Accounts," Economic Letters 01/EL/17, Central Bank of Ireland.
- FitzGerald, John, 2020. "Understanding recent trends in the Irish economy," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI).
- John FitzGerald, 2020.
"National Accounts for a Global Economy: The Case of Ireland,"
NBER Chapters, in: Challenges of Globalization in the Measurement of National Accounts, pages 65-101,
National Bureau of Economic Research, Inc.
- FitzGerald, John, 2018. "National accounts for a global economy: the case of Ireland," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI).
- John Fitzgerald, 2018. "National Accounts for a Global Economy: the Case of Ireland," Trinity Economics Papers tep0418, Trinity College Dublin, Department of Economics, revised May 2018.
- Cronin, David & McQuinn, Kieran, 2016. "Credit availability, macroprudential regulations and the house price-to-rent ratio," Journal of Policy Modeling, Elsevier, vol. 38(5), pages 971-984.
- Robert Kelly & Kieran Mcquinn & Rebecca Stuart, 2011.
"Exploring the Steady-State Relationship Between Credit and GDP for a Small Open Economy–The Case Of Ireland,"
The Economic and Social Review, Economic and Social Studies, vol. 42(4), pages 455-477.
- Kelly, Robert & McQuinn, Kieran & Stuart, Rebecca, 2011. "Exploring the Steady-State Relationship between Credit and GDP for a Small Open Economy - The Case of Ireland," Research Technical Papers 1/RT/11, Central Bank of Ireland.
- Kelly, Robert & McQuinn, Kieran & Stuart, Rebecca, 2013. "Exploring the steady-state relationship between credit and GDP for a small open economy: the case of Ireland," Working Paper Series 1531, European Central Bank.
- Browne, Frank & Conefrey, Thomas & Kennedy, Gerard, 2013. "Understanding Irish house price movements - a user cost of capital approach," Research Technical Papers 04/RT/13, Central Bank of Ireland.
- James Cloyne & Clodomiro Ferreira & Paolo Surico, 2020.
"Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 87(1), pages 102-129.
- Surico, Paolo & Cloyne, James & Ferreira, Clodomiro, 2015. "Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism," CEPR Discussion Papers 11023, Centre for Economic Policy Research.
- James Cloyne & Clodomiro Ferreira & Paolo Surico, 2018. "Monetary policy when households have debt: new evidence on the transmission mechanism," Working Papers 1813, Banco de España.
- James Cloyne & Clodomiro Ferreira & Paolo Surico, 2016. "Monetary policy when households have debt: new evidence on the transmission mechanism," Bank of England Staff Working Paper series 589, Bank of England.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- McGinnity, Frances & Russell, Helen & Alamir, Anousheh, 2024. "17 years after the start of the global financial crisis (GFC), where are we now with credit and house prices in the Irish residential market?," Papers WP779, Economic and Social Research Institute (ESRI).
- Egan Paul & McQuinn Kieran & O’Toole Conor, 2024. "Credit and House Prices in the Irish Residential Market," Intereconomics: Review of European Economic Policy, Sciendo, vol. 59(5), pages 293-300.
- Kieran McQuinn & Teresa Monteiro & Conor O’Toole, 2021. "House Price Expectations, Labour Market Developments and the House Price to Rent Ratio: A User Cost of Capital Approach," The Journal of Real Estate Finance and Economics, Springer, vol. 62(1), pages 25-47, January.
- Egan, Paul & McQuinn, Kieran & O'Toole, Conor, 2024. "How supply and demand affect national house prices: The case of Ireland," Journal of Housing Economics, Elsevier, vol. 65(C).
- Cronin, David & McQuinn, Kieran, 2016. "Credit availability, macroprudential regulations and the house price-to-rent ratio," Journal of Policy Modeling, Elsevier, vol. 38(5), pages 971-984.
- Verma, Akhilesh Kumar & McQuinn, Kieran, 2024.
"Assessing expectations of European house prices,"
Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI).
- Kumar Verma, Akhilesh & McQuinn, Kieran, 2024. "Assessing expectations of European house prices," Papers WP783, Economic and Social Research Institute (ESRI).
- David Cronin & Kieran McQuinn, 2023.
"Household Consumption and the Housing Net Worth Channel in Ireland,"
The Economic and Social Review, Economic and Social Studies, vol. 54(2), pages 125-147.
- Cronin, David & McQuinn, Kieran, 2021. "Household consumption and the housing net worth channel in Ireland," Papers WP710, Economic and Social Research Institute (ESRI).
- Cronin, David & McQuinn, Kieran, 2017. "Credit conditions and tenure choice: a cross-country examination," Papers WP582, Economic and Social Research Institute (ESRI).
- Galstyan, Vahagn & Herzberg, Valerie, 2018. "External Balance Sheet Risks in Ireland," Financial Stability Notes 09-18, Central Bank of Ireland.
- Galstyan, Vahagn & Herzberg, Valerie, 2018. "External Balance Sheet Risks in Ireland," Financial Stability Notes 9/FS/18, Central Bank of Ireland.
- Ryan Fox & Peter Tulip, 2014. "Is Housing Overvalued?," RBA Research Discussion Papers rdp2014-06, Reserve Bank of Australia.
- Mary Everett & Jakob de Haan & David‐Jan Jansen & Peter McQuade & Anna Samarina, 2021.
"Mortgage lending, monetary policy, and prudential measures in small euro‐area economies: Evidence from Ireland and the Netherlands,"
Review of International Economics, Wiley Blackwell, vol. 29(1), pages 117-143, February.
- Mary Everett & Jakob de Haan & David-Jan Jansen & Peter McQuade & Anna Samarina, 2019. "Mortgage lending, monetary policy, and prudential measures in small euro-area economies: Evidence from Ireland and the Netherlands," DNB Working Papers 659, Netherlands Central Bank, Research Department.
- Marie-Baïanne Khder & Jérémi Montornès & Nicolas Ragache, 2020. "Irish GDP Growth in 2015: A Puzzle and Propositions for a Solution [L’énigme de la croissance du PIB irlandais en 2015 : tentatives de réponse]," Post-Print hal-05290686, HAL.
- McQuinn, Kieran & O'Toole, Conor & O'Shea, Dónal, 2024. "Quarterly Economic Commentary, Winter 2024," Forecasting Report, Economic and Social Research Institute (ESRI), number QEC2024WIN, December.
- Economides, Philip & Nikolaishvili, Giorgi, 2023. "Measuring economic activity in the presence of superstar MNEs," Economics Letters, Elsevier, vol. 226(C).
- David Byrne & David Duffy & John FitzGerald, 2018.
"Household Formation and Tenure Choice: Did the Great Irish Housing Bust Alter Consumer Behaviour?,"
The Economic and Social Review, Economic and Social Studies, vol. 49(3), pages 287-317.
- Byrne, David & Duffy, David & FitzGerald, John, 2014. "Household Formation and Tenure Choice: Did the great Irish housing bust alter consumer behaviour?," Papers WP487, Economic and Social Research Institute (ESRI).
- Robert Kelly & Kieran McQuinn, 2014. "On the Hook for Impaired Bank Lending: Do Sovereign-Bank Interlinkages Affect the Net Cost of a Fiscal Stimulus?," International Journal of Central Banking, International Journal of Central Banking, vol. 10(3), pages 95-128, September.
- repec:grz:wpaper:2019-05 is not listed on IDEAS
- Lyons, Ronan C., 2018.
"Credit conditions and the housing price ratio: Evidence from Ireland’s boom and bust,"
Journal of Housing Economics, Elsevier, vol. 42(C), pages 84-96.
- Lyons, Ronan C., 2018. "Credit conditions and the housing price ratio: evidence from Ireland’s boom and bust," LSE Research Online Documents on Economics 88773, London School of Economics and Political Science, LSE Library.
- William D. Larson & Andrew B. Martinez, 2024.
"House Prices, Debt Burdens, and the Heterogeneous Effects of Mortgage Rate Shocks,"
Working Papers
2024-002, The George Washington University, The Center for Economic Research.
- William Larson & Andrew Martinez, 2025. "House Prices, Debt Burdens, and the Heterogeneous Effects of Mortgage Rate Shocks," Working Papers 25-02, Office of Financial Research, US Department of the Treasury.
- Robert J. Hill & Miriam Steurer & Sofie R. Waltl, 2025.
"Owner‐Occupied Housing, Inflation, and Monetary Policy,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(2-3), pages 583-614, March.
- Robert J. Hill & Miriam Steurer & Sofie R. Waltl, 2020. "Owner Occupied Housing, Inflation and Monetary Policy," Graz Economics Papers 2020-18, University of Graz, Department of Economics.
More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2025-08-18 (Central Banking)
- NEP-MON-2025-08-18 (Monetary Economics)
- NEP-URE-2025-08-18 (Urban and Real Estate Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:esr:wpaper:wp797. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Burns (email available below). General contact details of provider: https://edirc.repec.org/data/esriiie.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.
Printed from https://ideas.repec.org/p/esr/wpaper/wp797.html