Analysing the Transmission Pattern within the Framework of Housing Supply and Monetary Policy in Australia

Henry Liu, Kerry London

Research output: A Conference proceeding or a Chapter in BookConference contribution

Abstract

Housing supply is one of important components of the housing sector. Compared with an increasingly strong housing demand, the growth rates of total housing stock in Australia have exhibited a downward trend since the end of the 1990s whilst the significant adjustments in the Australian monetary policy were being implemented. This research aims to estimate the nature of the relationship between housing supply and monetary policy by a vector error correction model. According to the empirical results, a transmission pattern comprised of the indicators associated with housing supply and monetary policy can be identified, which suggests that there is a significant interrelationship between monetary policy and the supply side of the housing sector in Australia.
Original languageEnglish
Title of host publicationMISBE 2011
Subtitle of host publicationProceedings of CIB International Conference on Management and Innovation for a Sustainable Built Environment
EditorsJ. Wamelink, R. Geraedts, L. Volker
Place of PublicationThe Netherlands
PublisherCIB Management and Innovation in the Sustainable Built Environment
Pages1-21
Number of pages21
ISBN (Print)9789052693958
Publication statusPublished - Jun 2011
Externally publishedYes
EventMISBE2011 - The International Conference on Management and Innovation for a Sustainable Built Environment - Delft University of Technology, Delft, Netherlands
Duration: 19 Jun 201123 Jun 2011
http://misbe2011.fyper.com/

Publication series

NameCIB, Working Commissions W55, W65, W89, W112; ENHR and AESP
PublisherCIB

Conference

ConferenceMISBE2011 - The International Conference on Management and Innovation for a Sustainable Built Environment
Abbreviated titleMISBE2011
CountryNetherlands
CityDelft
Period19/06/1123/06/11
Internet address

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