Monetary Policy and the Housing Bubble

By J. F. Mcdonald, H. H. Stokes. Journal of real estate finance and economics, 2011

600 citations recorded by the source corpus.

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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)).”
Monetary Policy Strategy: Lessons from the Crisis (2011, neutral): “…that overly easy monetary policy might promote financial instability Using aggregate data, Taylor (2009) has argued that excessively low policy rates led to the housing bubble, while Bernanke (2010), Bean, Paustian, Penalver and Taylor (2010), Turner (2010) and Posen (2009) have argued otherwise.”
Macroprudential Policy - A Literature Review (2012, neutral): “By contrast, Dokko et al. (2009) find that monetary policy was not a primary factor in the US housing bubble in these years.”
Commodity Prices, Convenience Yields, and Inflation (2013, background): “Et sjt+n = j1cjt;n + j2ijt;n + j3 xt + jt;n; (5)”