The Impact of Quantitative Easing on the French Real Estate Market: an ARDL Method from 2015 to 2020 / Medhi FARIBI / 2021

Titre : The Impact of Quantitative Easing on the French Real Estate Market: an ARDL Method from 2015 to 2020 Type de document : Mémoire Auteurs : Medhi FARIBI, Auteur Année de publication : 2021 Importance : 25 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management BCE ; POLITIQUE MONETAIRE ; IMMOBILIER SECTEUR Résumé : This dissertation aims to investigate the impact quantitative easing has on the real estate market of France. This section will answer the research question announced earlier.Using an Autoregressive Distributed Lag model, quantitative easing (QE) has a statistically significant impact on S&P France Property Index which we used as a proxy for the real estate market. Nonetheless, as we expected a positive relationship between the dependent variable and quantitative easing because the how QE decreases interest rate which boosts financing and extends the demand for investment notably in the real estate market. the evidence in the ARDL model revealed otherwise, a negative relationship between quantitative easing and the real estate market. This means that a rise in quantitative easing by the European Central Banks will result in a decline of the French real estate market. Programme : MSc Finance, Investment & Wealth Management Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=538606