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| 02676nam 2200421zi 4500 |
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| 001 | 9.932257 |
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| 003 | CaOODSP |
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| 005 | 20240110085830 |
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| 006 | m o d f |
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| 007 | cr mn||||||||| |
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| 008 | 240110t20232023onca 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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| 043 | |an-us--- |
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| 086 | 1 |aFB3-5/2023-62E-PDF |
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| 100 | 1 |aLi, Qi, |eauthor. |
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| 245 | 10|aMonetary policy and racial inequality in housing markets : |ba study of 140 US metropolitan areas / |cby Qi Li and Xu Zhang. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2023. |
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| 264 | 4|c©2023 |
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| 300 | |a1 online resource (ii, 45, 30 pages) : |bcolour illustrations. |
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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 = Document de travail du personnel, |y1701-9397 ; |v2023-62 |
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| 500 | |aISSN assigned to different series. |
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| 500 | |a"Last updated: December 28, 2023." |
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| 504 | |aIncludes bibliographical references. |
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| 520 | 3 |a"This paper investigates the differential impact of monetary policy on homeownership and housing returns among Black, Hispanic and White households. Using data on 13 million repeat sales from 1993 to 2020, we construct and analyze race-specific entries and exits of homeownership and housing returns for 140 metropolitan areas in the United States. Our findings reveal significant heterogeneity: for minority households, one unit of monetary tightening leads to a 15% lower housing return and a 31% lower entry into homeownership than White households. This heterogeneity primarily stems from the less favorable labor market responses of minority groups to contractionary monetary policy. These findings emphasize the unintended consequences of monetary policy on racial inequality in the housing market"--Abstract, page ii. |
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| 546 | |aIncludes abstracts in English and French. |
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| 650 | 0|aDiscrimination in housing|zUnited States|xEconometric models. |
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| 650 | 0|aHome ownership|zUnited States|xEconometric models. |
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| 650 | 0|aMonetary policy|zUnited States|xEconometric models. |
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| 650 | 6|aDiscrimination dans le logement|zÉtats-Unis|xModèles économétriques. |
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| 650 | 6|aHabitations|xPossession|zÉtats-Unis|xModèles économétriques. |
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| 650 | 6|aPolitique monétaire|zÉtats-Unis|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)|v2023-62.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s994 KB|uhttps://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-5-2023-62-eng.pdf |
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