Jarocinski, Marek (contributor); Smets, Frank (contributor) - 2008
://ssrn.com/abstract_id=1120167.
1 This paper has been prepared for the 32nd Annual Economic Policy Conference of the Federal Reserve Bank of St … prices over and above their effects on
the outlook for economic activity and inflation and suggests instead a pre …-emptive
easing of policy when a house price bubble bursts to avoid a large loss in economic
activity. Even more recently, Kohn (2007 …