Monetary policy and housing booms

International Journal of Central Banking

Volumn 7, Issue 1, 2011, Pages 345-355

  Williams, John C ^a  

^a FEDERAL RESERVE BANK OF SAN FRANCISCO   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 79952400604     PISSN: 18154654     EISSN: 18157556     Source Type: Journal    
DOI: None     Document Type: Article

References (14)

1. Adam, K., A. Marcet, and J. P. Nicolini. 2007. "Stock Market Volatility and Learning." CEPR Discussion Paper No. 6518.
2. Ando, A., and F. Modigliani. 1963. "The 'Life-Cycle' Hypothesis of Saving: Aggregate Implications and Tests." American Economic Review 53 (1): 55-84.
3. Aoki, K., J. Proudman, and G. Vlieghe. 2004. "House Prices, Consumption and Monetary Policy: A Financial Accelerator Approach." Journal of Financial Intermediation 13 (4): 414-435.
4. Aspachs-Bracons, O., and P. Rabanal. 2011. "The Effects of Housing Prices and Monetary Policy in a Currency Union." International Journal of Central Banking 7 (1).
5. Bernanke, B. S., M. Gertler, and S. Gilchrist. 1999. "The Financial Accelerator in a Quantitative Business Cycle Framework." In Handbook of Macroeconomics, Vol. 1C, ed. J. B. Taylor and M. Woodford, 1341-1393. North-Holland.
6. Brayton, F., E. Mauskopf, D. Reifschneider, P. Tinsley, and J. Williams. 1997. "The Role of Expectations in the FRB/US Macroeconomic Model." Federal Reserve Bulletin (April): 227-245.
7. Forlati, C., and L. Lambertini. 2011. "Risky Mortgages in a DSGE Model." International Journal of Central Banking 7 (1).
8. Gordon, M. J. 1959. "Dividends, Earnings and Stock Prices." Review of Economics and Statistics 41 (2): 99-105.
9. Kajuth, F. 2010. "The Role of Liquidity Constraints in the Response of Monetary Policy to House Prices." Journal of Financial Stability 6 (4): 230-242.
10. Krainer, J., S. F. LeRoy, and M. O. 2009. "Mortgage Default and Mortgage Valuation." Federal Reserve Bank of San Francisco Working Paper No. 2009-2020 (November). Available at http://www.frbsf.org/publications/economics/papers/2009/wp09-20bk.pdf.
11. Lansing, K. J. 2010. "Rational and Near-Rational Bubbles without Drift." Economic Journal 120 (December): 1149-1174.
12. Modigliani, F., and R. H. Brumberg. 1980. "Utility Analysis and Aggregate Consumption Functions: An Attempt at Integration." In The Collected Papers of Franco Modigliani: Volume 2, The Life Cycle Hypothesis of Saving, ed. A. Abel, 128-197. Cambridge, MA: The MIT Press.
13. Shiller, R. J. 2005. Irrational Exuberance. 2nd ed. Princeton, NJ: Princeton University Press.
14. Taylor, J. B. 2007. "Housing and Monetary Policy." In Housing, Housing Finance, and Monetary Policy, 463-476. Kansas City, MO: Federal Reserve Bank of Kansas City.