Monetary Policy and the Housing Bubble
Posted: 2 Jul 2021 Last revised: 1 Jul 2021
Date Written: 2009
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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Brian M. Doyle
Board of Governors of the Federal Reserve System ( email )
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Michael T. Kiley
Board of Governors of the Federal Reserve System ( email )
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Shane M. Sherlund
Board of Governors of the Federal Reserve System ( email )
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Jae W. Sim
Board of Governors of the Federal Reserve System ( email )
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