bubble. In this chapter, we review the stylized facts of housing bubbles and discuss theories that can potentially explain …Housing markets experience substantial price volatility, short-term price change momentum, and mean reversion of prices … housing market, such as intensive search and short-selling constraints, to explain the stylized facts. Cheap credit provides a …

in their assessments of the housing market …

in their assessments of the housing market …

in their assessments of the housing market …

We analytically characterize optimal monetary policy for an augmented New Keynesian model with a housing sector. With … rational private sector expectations about housing prices and inflation, optimal monetary policy can be characterized by a … standard 'target criterion' that refers to inflation and the output gap, without making reference to housing prices. When the …

bubble. In this paper, we review the stylized facts of housing bubbles and discuss theories that can potentially explain …Housing markets experience substantial price volatility, short term price change momentum and mean reversion of prices … housing market, such as intensive search and short selling constraints, to explain the stylized facts. Cheap credit provides a …

bubble. In this paper, we review the stylized facts of housing bubbles and discuss theories that can potentially explain …Housing markets experience substantial price volatility, short term price change momentum and mean reversion of prices … housing market, such as intensive search and short selling constraints, to explain the stylized facts. Cheap credit provides a …