Economic impact of monetary policy: Focus on real estate sector in Italy

被引：7

作者：

Ahmed, Irfan ^{[1
]}

Socci, Claudio ^{[2
]}

Medabesh, Ali ^{[1
]}

Severini, Francesca ^{[3
]}

Zotti, Jacopo ^{[3
]}

机构：

[1] Jazan Univ, Dept Finance & Banking, Coll Business Adm, Jizan, Saudi Arabia

[2] Univ Macerata, Dept Econ & Law, Macerata, Italy

[3] Univ Trieste, Dept Polit & Social Sci, Trieste, Italy

来源：

INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS | 2021年 / 26卷 / 01期

关键词：

CGE analysis; financial accounts; monetary policy; real estate sector; social accounting matrix; CGE MODEL; CREDIT; FRICTIONS;

D O I：

10.1002/ijfe.1848

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study investigates the nexus between financial market and real estate (RE) sector against the backdrop of ECB's unconventional monetary policy. A financial dynamic computable general equilibrium (DCGE) model is calibrated on the financial social accounting matrix (FSAM) of Italian economy. The findings confirm that the inclusion of financial intermediation into real economy affects the real estate sector's output, value added, and pricing.

引用

页码：1256 / 1269

页数：14

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