Housing, housing finance, and monetary policy : a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, August 30-September 1, 2007
Over the past two decades, remarkable changes in housing markets and housing finance have taken place in the United States and elsewhere. Some of the developments in housing have been favorable, such as rising rates of homeownership and the ability of homeowners to borrow against their home equity. But other changes have heightened concerns for policymakers. For example, in many countries, home prices have increased at very rapid rates in recent years. More recently, surging default and foreclosure rates in the subprime mortgage markets in the United States have shaken the confidence of investors and financial markets both in the United States and abroad. To better understand these developments, the Federal Reserve Bank of Kansas City sponsored a symposium on "Housing, Housing Finance, and Monetary Policy". These proceedings provide presentations and discussions that shed light on the historical evolution and recent developments in housing markets and housing finance, as well as their implications for financial and macroeconomic stability and for monetary policy
Print Book, English, ©2008
Federal Reserve Bank of Kansas City, [Kansas City, Mo.], ©2008