Conference on Housing, Stability, and the Macroeconomy: International Perspectives
RABAH AREZKI, THORSTEN BECK, ROBERT DEYOUNG, JOHN V. DUCA, PRAKASH LOUNGANI, ANTHONY MURPHY
Opening Remarks
STIJN CLAESSENS
Housing, Leverage, and Stability in the Wider Economy
DAVID MILES
The Housing and Credit Bubbles in the United States and Europe: A Comparison
SUSAN WACHTER
Housing Really Is the Business Cycle: What Survives the Lessons of 2008–09?
EDWARD E. LEAMER
Housing and the Macroeconomy: Inflation and the Financial Accelerator
JOHN MUELLBAUER
An International Perspective for Mortgage Market Reform
DWIGHT M. JAFFEE
Real Estate Markets and Macroprudential Policy in Europe
PHILIPP HARTMANN
Building Stable Mortgage Markets: Lessons from Canada's Experience
ALLAN CRAWFORD
Explaining House Price Dynamics: Isolating the Role of Nonfundamentals
DAVID C. LING, JOSEPH T.L. OOI, THAO T.T. LE
Discussion of Ling, Ooi, and Le
KEVIN J. LANSING
Joint Dynamics of House Prices and Foreclosures
YAVUZ ARSLAN, BULENT GULER, TEMEL TASKIN
Discussion of Arslan, Guler, and Taskin
PAUL WILLEN
The Impact of Housing Markets on Consumer Debt: Credit Report Evidence from 1999 to 2012
META BROWN, SARAH STEIN, BASIT ZAFAR
Discussion of Brown, Stein, and Zafar
KAREN PENCE
Capital Inflows and the U.S. Housing Boom
FILIPA SÁ, TOMASZ WIELADEK
Discussion of Sá and Wieladek
PEDRO GETE
House Price Booms, Current Account Deficits, and Low Interest Rates
ANDREA FERRERO
Discussion of Ferrero
EDWARD LEAMER
Global Liquidity, House Prices, and the Macroeconomy: Evidence from Advanced and Emerging Economies
AMBROGIO CESA-BIANCHI, LUIS FELIPE CESPEDES, ALESSANDRO REBUCCI
Discussion of Cesa-Bianchi, Cespedes, and Rebucci
KENNETH N. KUTTNER
Macroprudential Policies and Housing Prices: A New Database and Empirical Evidence for Central, Eastern, and Southeastern Europe
JÉRÔME VANDENBUSSCHE, URSULA VOGEL, ENRICA DETRAGIACHE
Discussion of Vandenbussche, Vogel, and Detragiache
THORSTEN BECK
Optimal Monetary Policy Rules and House Prices: The Role of Financial Frictions
ALESSANDRO NOTARPIETRO, STEFANO SIVIERO
Discussion of Notarpietro and Siviero
ZHENG LIU
Important Questions for Housing Markets and Housing Policy
STIJN CLAESSENS