Monetary Policy, Term Structure and Asset Return: Comparing REIT, Housing and Stock
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- Kuang-Liang Chang & Nan-Kuang Chen & Charles Leung, 2011. "Monetary Policy, Term Structure and Asset Return: Comparing REIT, Housing and Stock," The Journal of Real Estate Finance and Economics, Springer, vol. 43(1), pages 221-257, July.
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More about this item
Keywords
monetary policy; yield curve; REITs; house prices; Markov Regime Switching;All these keywords.
JEL classification:
- R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
- E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
- R33 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Nonagricultural and Nonresidential Real Estate Markets
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MON-2010-07-03 (Monetary Economics)
- NEP-URE-2010-07-03 (Urban and Real Estate Economics)
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