Central banks are central to housing finance: Can we understand what the world's most important central bank is doing?

Pollock, Alex J.
September 2015
Housing Finance International;Autumn2015, p14
Academic Journal
The article comments on the decision of the U.S. Federal Reserve to lower its benchmark interest rate to near zero since 2008 in response to 21st century collapse of the American housing finance system. Topics covered include the target inflation rate of 2% a year set by the Fed, the impact of negative real interest rate on housing finance, and the shortcomings of the Fed with regards to managing the economy and making ecoonomic forecasts.


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