Sibert, Anne (2006) Rising house prices and monetary policy. Other. Committee on Economic and Monetary Affairs (ECON) of the European Parliament.
Abstract
It is argued that the recent rise in house prices is the biggest Önancial asset price boom in history. In this note, I look at how house prices are determined and how house price bubbles can occur. I discuss whether the recent increase in house prices is a bubble, whether monetary policy can cause a rise in the price of houses relative to other goods and what central banks should do in response to house price bubbles. Finally, I consider how central banks should take account of house prices in the price index used by central banks to measure ináation.
Metadata
| Item Type: | Monograph (Other) |
|---|---|
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Sarah Hall |
| Date Deposited: | 25 Aug 2020 08:38 |
| Last Modified: | 02 Aug 2023 18:03 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/40603 |
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