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Board of Governors of the Federal Reserve System (US)
Finance and Economics Discussion Series
Monetary policy and the housing bubble
Jane K. Dokko
Brian M. Doyle
Michael T. Kiley
Jinill Kim
Shane M. Sherlund
Jae W. Sim
Skander J. van den Heuvel
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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Jane K. Dokko & Brian M. Doyle & Michael T. Kiley & Jinill Kim & Shane M. Sherlund & Jae W. Sim & Skander J. van den Heuvel, Monetary policy and the housing bubble, Board of Governors of the Federal Reserve System (US), Finance and Economics Discussion Series 2009-49, 2009.
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Keywords: Housing - Prices ; Monetary policy
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