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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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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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