Ahearne, Alan G.; Ammer, John; Doyle, Brian M.; Kole, … - Federal Reserve Board (Board of Governors of the … - 2005
countries, with particular focus on the lessons for monetary policy. We find that real house prices are pro … booms are typically preceded by a period of easing monetary policy, but then diminishing slack and rising inflation lead …, and minutes, we find little evidence that foreign central banks have reacted to past episodes of rising real house prices …