December 2009

Monetary Policy and the Housing Bubble

Jane Dokko, Brian Doyle, Michael T. Kiley, Jinill Kim, Shane Sherlund, Jae Sim, and Skander 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.

Full paper (Screen Reader Version)

Keywords: Bubbles, monetary policy, house prices

PDF: Full Paper

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Last Update: September 18, 2020