Analytical Corner: Feeling the Pinch? Tracing the Effects of Monetary Policy through Housing Markets


Location: Cedar Hall, HQ1-1-660

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Some countries are feeling the pinch of higher rates, but not others. Why? The drag on activity depends on housing and mortgage markets that vary across countries. Effects in some countries may come with a delay if rates are high for long.




Nina Biljanovska

Research Department, IMF


Alessia De Stefani

Research Department, IMF