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 : |
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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 : |
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