THE IMPACT OF MONETARY POLICY ON HOUSING PRICES - THE CASE STUDY IN HO CHI MINH CITY

Abstract

The paper examines the impact of monetary policy on housing prices in Ho Chi Minh City. With the use of the Vector Auto Regression (VAR) model, research shows that the housing prices in Ho Chi Minh City is affected by monetary policy such as: money supply (M2) and lending interest rate, with the trend of change over time.

Keywords: Housing prices; monetary policy; the housing market; real estate; Ho Chi Minh city.