This paperfirst discusses potential problems with the empirical methodology used by Dokko et al (2011) and point to an alternative empirical approach that could lead to a possibly different answer. Second it briefly reviews some of the literature on the connection between monetary policy and asset/housing prices and concludes with some considerations on the importance of this question in the current policy debate.
Comment on: “Monetary Policy and the Global Housing Bubble”
PERRI, FABRIZIO
2011
Abstract
This paperfirst discusses potential problems with the empirical methodology used by Dokko et al (2011) and point to an alternative empirical approach that could lead to a possibly different answer. Second it briefly reviews some of the literature on the connection between monetary policy and asset/housing prices and concludes with some considerations on the importance of this question in the current policy debate.
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