Series: IMF Working Papers
Author(s): Pau Rabanal , Christopher Crowe , Giovanni Dell'Ariccia , and Deniz Igan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2011
Keywords: real estate, macroeconomic policy, macroprudential regulation, mortgage, mortgages, mortgage loans, mortgage interest, Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
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...