Regional house price convergence: implications of monetary policy
Lin, P.-T.
It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing. To link to this item DOI: 10.1080/00343404.2023.2233559 Abstract/SummaryMotivated by the structural change since the adoption of inflation targeting in October 1992, this research investigates regional house price convergence in the UK over 1973:Q4 to 2020:Q4. By utilising subsample comparisons, results show that all regions in the inflation targeting regime converges to one club until the global financial crisis. The finding suggests that the successful inflation targeting policy can promote integration among regions.
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