Monetary Policy and the Housing Bubble

Posted: 2 Jul 2021 Last revised: 1 Jul 2021

See all articles by Jane Dokko

Jane Dokko

Federal Reserve Bank of Chicago

Brian M. Doyle

Board of Governors of the Federal Reserve System

Skander J. Heuvel

affiliation not provided to SSRN

Michael T. Kiley

Board of Governors of the Federal Reserve System

Jinill Kim

Korea University

Shane M. Sherlund

Board of Governors of the Federal Reserve System

Jae Sim

Board of Governors of the Federal Reserve System

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.

Suggested Citation

Dokko, Jane and Doyle, Brian M. and Heuvel, Skander J. and Kiley, Michael T. and Kim, Jinill and Sherlund, Shane M. and Sim, Jae W., Monetary Policy and the Housing Bubble (2009). FEDS Working Paper No. 2009-49, Available at SSRN: https://ssrn.com/abstract=3877832

Jane Dokko (Contact Author)

Federal Reserve Bank of Chicago ( email )

230 South LaSalle Street
Chicago, IL 60604
United States

Brian M. Doyle

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States
202-785-6011 (Phone)
202-263-4843 (Fax)

Skander J. Heuvel

affiliation not provided to SSRN

No Address Available

Michael T. Kiley

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States
202-452-2448 (Phone)
202-452-5296 (Fax)

Jinill Kim

Korea University ( email )

1 Anam-dong 5 ka
Seoul, 136-701

Shane M. Sherlund

Board of Governors of the Federal Reserve System ( email )

20th and C Streets, NW
Mailstop 93
Washington, DC 20551
United States
202-452-3589 (Phone)
202-728-5887 (Fax)

Jae W. Sim

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
67
PlumX Metrics