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Conference on Housing, Stability, and the Macroeconomy: International Perspectives

Rabah Arezki (), Thorsten Beck (), Robert Deyoung, John Duca, Prakash Loungani () and Anthony Murphy ()

Journal of Money, Credit and Banking, 2015, vol. 47, issue S1, 1-11

Abstract: This article provides an introduction to the JMCB special issue on housing bubbles, the global financial crisis, and the ensuing recessions in countries that experienced housing busts. We focus on five themes that are important for policymakers and researchers alike: the domestic and international factors driving housing booms and busts, the relevance of the housing sector for the real economy, how monetary policy should react to housing booms and busts, how housing and mortgage finance reform could affect financial stability, and the broad lessons learned for macroeconomics and macroprudential policy.

Date: 2015
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Journal of Money, Credit and Banking is currently edited by Robert deYoung, Paul Evans, Pok-Sang Lam and Kenneth D. West

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