| 000 | 00000cam 2200000zi 4500 |
| 001 | 9.958819 |
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| 003 | CaOODSP |
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| 005 | 20260109090600 |
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| 006 | m o d f |
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| 007 | cr cn||||||||| |
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| 008 | 260109e20251211oncd ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | 0 |aeng|beng|bfre |
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| 086 | 1 |aFB3-5/2025-36E-PDF |
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| 100 | 1 |aRoschitsch, Ulrich, |eauthor. |
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| 245 | 10|aUnited in booms, divided in busts : |bregional house price cycles and monetary policy / |cUlrich Roschitsch, Hannes Twieling. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cDecember 11, 2025. |
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| 264 | 4|c©2025 |
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| 300 | |a1 online resource (iii, 90 pages) : |bgraphs. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = |aDocument de travail du personnel, |x1701-9397 ; |v2025-36 |
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| 500 | |aCover title. |
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| 504 | |aIncludes bibliographical references (pages 47-51). |
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| 520 | 3 |a"This paper shows that regional disparities in house price growth are more pronounced during house price busts than during booms. To explain this observation, we construct a two-region currency union model incorporating a housing sector and extrapolative belief updating regarding house prices. To solve this model, we propose a new method that efficiently handles extrapolative belief updating in a wide class of structural models"--Abstract, page ii. |
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| 546 | |aIncludes abstracts in English and French. |
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| 650 | 0|aMonetary policy|xEconometric models. |
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| 650 | 0|aHousing|xPrices|xEconometric models. |
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| 650 | 0|aHousing|xRegional disparities|xEconometric models. |
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| 650 | 6|aPolitique monétaire|xModèles économétriques. |
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| 650 | 6|aLogement|xPrix|xModèles économétriques. |
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| 650 | 6|aLogement|xDisparités régionales|xModèles économétriques. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2025-36.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s2.14 MB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-5-2025-36-eng.pdf |
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