How to Deal with Real Estate Booms: Lessons from Country Experiences

Pau Rabanal, Christopher Crowe, Giovanni Dell'ariccia and Deniz Igan

No 2011/091, IMF Working Papers from International Monetary Fund

Abstract: The financial crisis showed, once again, that neglecting real estate booms can have disastrous consequences. In this paper, we spell out the circumstances under which a more active policy agenda on this front would be justified. Then, we offer tentative insights on the pros and cons as well as implementation challenges of various policy tools that can be used to contain the damage to the financial system and the economy from real estate boom-bust episodes.

Keywords: WP; price; loan; mortgage; monetary policy; rate (search for similar items in EconPapers)
Pages: 58
Date: 2011-04-01
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Citations: View citations in EconPapers (120)

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Journal Article: How to deal with real estate booms: Lessons from country experiences (2013)
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