Housing and Monetary Policy

By John B. Taylor. 2007

669 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/edb945f8fc5527e136051de800951628396e7912

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Economics and Econometrics

Citations in the corpus

The Mortgage Credit Channel of Macroeconomic Transmission (2016, neutral): “Taylor (2007) has blamed this decision for the housing boom and bust that followed, while Bernanke (2010) has responded that the Federal Reserve’s actions were appropriate given deflationary concerns.”
CREDIT, HOUSING COLLATERAL, AND CONSUMPTION: EVIDENCE FROM JAPAN, THE U.K., AND THE U.S. (2012, background): “Leamer (2007) and Taylor (2007), amongst others, argue that, as a result, the federal funds rate was kept too low for too long.”
ECONOMIC POLICY AND THE FINANCIAL CRISIS: AN EMPIRICAL ANALYSIS OF WHAT WENT WRONG (2009, methodology): “Well, the queens of spades—and there are many of them in Source: Taylor 2007.”
Does Expansionary Monetary Policy Cause Asset Price Booms; Some Historical and Empirical Evidence (2013, positive): “Based on the Taylor Rule (1999) he shows that the Federal Funds rate was as low as 3 percentage points below what a simple Taylor rule would generate for the period 2002-2005.”
Capital Flows and the Risk-Taking Channel of Monetary Policy (2015, neutral): “Borio and Zhu (2008) coined the term “risk-taking channel of monetary 1Our questions is related to the debate on whether monetary policy was “too loose” in the run-up to the crisis with respect to the Taylor Rule (Taylor (2007), Bernanke (2010)).”
Heeding Daedalus: Optimal Inflation and the Zero Lower Bound (2009, background): “Although clearly helpful from the perspective of stimulating the economy, such a lengthy period of very negative real rates could have harmful unintended consequences, such as fueling another speculative boom-and-bust cycle (see, for example, Taylor 2007).”
Lessons from the Great American Real Estate Boom and Bust of the 1920s (2009, neutral): “For the twenty- Wrst century bubble, this phenomenon was also noted by Taylor (2007) who attributed it to perceived changes in the responsiveness to inXation in short rates.”
Bank Risk-Taking, Securitization, Supervision and Low Interest Rates: Evidence from the Euro Area and the U.S. Lending Standards (2010, neutral): “Nominal monetary policy rates in most developed countries were the lowest in almost four decades and, in many countries, they were below rates implied by a Taylor-rule and/or negative in real terms (Taylor, 2007; and Ahrend et al., 2008).”
Monetary Policy Strategy: Lessons from the Crisis (2011, neutral): “John Taylor (2007).”
Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons (2011, positive): “…2007/08 crisis some have taken issue with the Federal Reserve and a policy that kept interest rates too low in the wake of the 2001 recession (J. B. Taylor 2007, 2009).1 Also potentially critical flaws in the reigning doctrine of inflation targeting have been pointed out with reference to its…”