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Housing and monetary policy

Author

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  • John B. Taylor

Abstract

My remarks focus on the relationship between monetary policy and the recent turmoil in the markets for housing, housing finance, and beyond. I begin with a review of the period leading up to the crisis. I then use this review as a basis for discussing the role of monetary policy in resolving such crises and preventing future crises.
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Suggested Citation

  • John B. Taylor, 2007. "Housing and monetary policy," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 463-476.
    • Handle: RePEc:fip:fedkpr:y:2007:p:463-476
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    References listed on IDEAS

    as
    1. Topel, Robert H & Rosen, Sherwin, 1988. "Housing Investment in the United States," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 718-740, August.
    2. William Poole, 2007. "Understanding the Fed," Review, Federal Reserve Bank of St. Louis, vol. 89(Jan), pages 3-14.
    3. Dino Kos, 2001. "Domestic open market operations during 2001," Annual Report Domestic Open Market Operations, Federal Reserve Bank of New York.
    4. Dino Kos, 2002. "Domestic open market operations during 2002," Annual Report Domestic Open Market Operations, Federal Reserve Bank of New York.
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    More about this item

    Keywords

    Monetary policy; Housing;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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