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Is UK monetary policy driving private housing rents?

BankUnderground

Daniel Albuquerque and Jamie Lenney Rent prices have risen by 9% on average in England since the Bank of England’s Monetary Policy Committee (MPC) started raising interest rates in December 2021. These results also hold across regions in England. We also plot the point estimates for each English region in grey.

Policies 104
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The declining elasticity of US housing supply

BankUnderground

Bruno Albuquerque, Knut Are Aastveit and André Anundsen. In a new paper , we use a rich US dataset and novel identification method to show that supply elasticities vary across cities and across time. This new lower elasticity means US house prices should be more sensitive to changes in demand than before the crisis.

US 52