Year: 2016
Author: Bley, Andreas, Weber, Jan Philip
Vierteljahrshefte zur Wirtschaftsforschung, Vol. 85 (2016), Iss. 1 : pp. 31–44
Abstract
For more than seven years interest rates have remained on historically low levels. Yet both credit growth and the housing market in Germany have only moderately responded to the low financing costs so far. It is still too early, however, to give the all-clear. Often, risks build up slowly on financial markets. It is difficult to fight these destabilising processes once they are set in motion. In the context of a persistent loose monetary policy, economic policy should enhance structural factors and policies that dampen the risk of escalating prices and credit expansion on the German housing market.
Journal Article Details
Publisher Name: Global Science Press
Language: English
DOI: https://doi.org/10.3790/vjh.85.1.31
Vierteljahrshefte zur Wirtschaftsforschung, Vol. 85 (2016), Iss. 1 : pp. 31–44
Published online: 2016-03
AMS Subject Headings: Duncker & Humblot, Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 14
Keywords: Credit monetary policy financial markets and the macroeconomy housing demand housing supply and markets R31 E51 E52 E44 R21