Monetary Policy and the Housing Bubble

Jane K. Dokko, Michael T. Kiley, Jinill Kim, Shane M. Sherlund, Jae Sim, Skander Van den Heuvel

2009-01-01articleFinance and Economics Discussion Series150 citationsdiamond

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Housing Market and Economics Monetary Policy and Economic Impact Economic theories and models

Abstract

We examine the role of monetary policy in the housing bubble. Our review examines the setting of monetary policy in the middle of this decade, the impetus from monetary policy to the housing market, and other factors that may have contributed to the run-up, and subsequent collapse, in house prices.

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