Eres : Digital Library : Works

Paper eres2011_105:
The Effectiveness of Monetary Policy of Official Cash Rate (OCR) on House Price Movements

id eres2011_105
authors Shi, Song
year 2011
title The Effectiveness of Monetary Policy of Official Cash Rate (OCR) on House Price Movements
source 18th Annual European Real Estate Society Conference in Eindhoven, the Netherlands
summary There was a problem for the effectiveness of monetary policy by setting OCR changes to influence house price movements. We find that the announced OCR changes had a close link to the floating or short-term mortgage rate changes, and in contrast house price movements were linked to long-term fixed mortgage rates. Our research further demonstrated that the ratio of overall value of floating to fixed rate mortgages had significantly eased on the effectiveness of monetary policy of OCR changes on house price movements.
keywords monetary policy, house prices, ocr
series ERES:conference
email s.shi@massey.ac.nz
discussion No discussions. Post discussion ...
ratings
session G3: Green Buildings & Valuation
last changed 2011/06/23 16:27
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