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How Monetary Policy Shaped the Housing Boom

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NBER2019-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25649
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Between 2003 and 2006, the Federal Reserve raised rates by 4.25%. Yet it was precisely during this period that the housing boom accelerated, fueled by rapid growth in mortgage lending. There is deep disagreement about how, or even if, monetary policy impacted the boom. Using heterogeneity in banks'
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2019-03-01
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