Analysing the transmission pattern within the framework of housing supply and monetary policy in Australia

Junxiao Liu; Kerry A. London

Analysing the transmission pattern within the framework of housing supply and monetary policy in Australia

Junxiao Liu
, Kerry A. London

Research output: Chapter in Book / Conference Paper › Conference Paper

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 language	English
Title of host publication	MISBE 2011: Proceedings of the International Conference on Management and Innovation for a Sustainable Built Environment, Amsterdam, The Netherlands, 19-23 June 2011
Publisher	Delft University of Technology
Number of pages	21
ISBN (Print)	9789052693958
Publication status	Published - 2011
Event	International Conference on Management and Innovation for a Sustainable Built Environment - Duration: 1 Jan 2011 → …

Conference

Conference	International Conference on Management and Innovation for a Sustainable Built Environment
Period	1/01/11 → …

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 11 Sustainable Cities and Communities
SDG 17 Partnerships for the Goals

Keywords

housing
monetary policy
Australia

Cite this

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title = "Analysing the transmission pattern within the framework of housing supply and monetary policy in Australia",

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.",

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author = "Junxiao Liu and London, \{Kerry A.\}",

year = "2011",

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booktitle = "MISBE 2011: Proceedings of the International Conference on Management and Innovation for a Sustainable Built Environment, Amsterdam, The Netherlands, 19-23 June 2011",

publisher = "Delft University of Technology",

note = "International Conference on Management and Innovation for a Sustainable Built Environment ; Conference date: 01-01-2011",

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Liu, J & London, KA 2011, Analysing the transmission pattern within the framework of housing supply and monetary policy in Australia. in MISBE 2011: Proceedings of the International Conference on Management and Innovation for a Sustainable Built Environment, Amsterdam, The Netherlands, 19-23 June 2011. Delft University of Technology, International Conference on Management and Innovation for a Sustainable Built Environment, 1/01/11.

Analysing the transmission pattern within the framework of housing supply and monetary policy in Australia. / Liu, Junxiao; London, Kerry A.
MISBE 2011: Proceedings of the International Conference on Management and Innovation for a Sustainable Built Environment, Amsterdam, The Netherlands, 19-23 June 2011. Delft University of Technology, 2011.

Research output: Chapter in Book / Conference Paper › Conference Paper

TY - GEN

T1 - Analysing the transmission pattern within the framework of housing supply and monetary policy in Australia

AU - Liu, Junxiao

AU - London, Kerry A.

PY - 2011

Y1 - 2011

N2 - 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.

AB - 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.

KW - housing

KW - monetary policy

KW - Australia

UR - http://handle.westernsydney.edu.au:8081/1959.7/uws:41408

M3 - Conference Paper

SN - 9789052693958

BT - MISBE 2011: Proceedings of the International Conference on Management and Innovation for a Sustainable Built Environment, Amsterdam, The Netherlands, 19-23 June 2011

PB - Delft University of Technology

T2 - International Conference on Management and Innovation for a Sustainable Built Environment

Y2 - 1 January 2011

ER -

Analysing the transmission pattern within the framework of housing supply and monetary policy in Australia

Abstract

Conference

UN SDGs

Keywords

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