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The Effects Of The Federal Reserve’S Tapering Announcements On The Us Real Estate Market

Author

Listed:
  • CĂLIN, Adrian Cantemir

    (Institute for Economic Forecasting, Romanian Academy)

Abstract
In May 2013, the Federal Reserve revealed its intentions to gradually reduce its quantitative easing programs, and at some point end them. The announcement of what became in the meantime known as tapering triggered significant reactions from international financial markets. Using an event – study approach, this paper tries to determine the impact of tapering news on the US real estate market. The results indicate the fact that the tapering announcements had a dim influence on the above mentioned market.

Suggested Citation

  • CĂLIN, Adrian Cantemir, 2015. "The Effects Of The Federal Reserve’S Tapering Announcements On The Us Real Estate Market," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 19(3), pages 79-90.
    • Handle: RePEc:vls:finstu:v:19:y:2015:i:3:p:79-90
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    References listed on IDEAS

    as
    1. Joshua Aizenman & Mahir Binici & Michael M. Hutchison, 2016. "The Transmission of Federal Reserve Tapering News to Emerging Financial Markets," International Journal of Central Banking, International Journal of Central Banking, vol. 12(2), pages 317-356, June.
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    9. Urszula Szczerbowicz, 2015. "The ECB Unconventional Monetary Policies: Have They Lowered Market Borrowing Costs for Banks and Governments?," International Journal of Central Banking, International Journal of Central Banking, vol. 11(4), pages 91-127, December.
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    14. Tatjana Dahlhaus & Garima Vasishtha, 2014. "The Impact of U.S. Monetary Policy Normalization on Capital Flows to Emerging-Market Economies," Staff Working Papers 14-53, Bank of Canada.
    15. LUPU, Radu & CALIN, Adrian Cantemir, 2014. "Co-Movements Of Regime Shifts In Gbp Currency Pairs Around Boe Quantitative Easing Announcements," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 18(3), pages 89-101.
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    More about this item

    Keywords

    tapering; Federal Reserve; real estate market; monetary policy;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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