The Housing as a Source of Constraints for the Monetary Policy From Romania

10 Pages Posted: 25 Jan 2021

See all articles by Ramona Dumitriu

Ramona Dumitriu

University Dunarea De Jos Galati

Razvan Stefanescu

University Dunarea De Jos Galati

Date Written: November 15, 2020

Abstract

The housing market could interact with the monetary policy in several ways. This paper approaches the situation of Romania where the national currency depreciation or the interest rates raise provoked, in the past, virulent reactions of the mortgage debtors. In these circumstances, the central bank has to take into consideration, when deciding, the potential impact on housing market.

Keywords: central banks’ popularity, housing, monetary policy

JEL Classification: G21, R21, R30, E52, E58

Suggested Citation

Dumitriu, Ramona and Stefanescu, Razvan, The Housing as a Source of Constraints for the Monetary Policy From Romania (November 15, 2020). Available at SSRN: https://ssrn.com/abstract=3730984 or http://dx.doi.org/10.2139/ssrn.3730984

Ramona Dumitriu (Contact Author)

University Dunarea De Jos Galati ( email )

Romania

Razvan Stefanescu

University Dunarea De Jos Galati ( email )

Str. Domnească, nr. 47
Galati, 800008
Romania

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