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    Rising house prices and monetary policy

    Sibert, Anne (2006) Rising house prices and monetary policy. Other. Committee on Economic and Monetary Affairs (ECON) of the European Parliament.

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    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.


    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


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