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Can interest rates explain the US housing boom and bust?
VoxEU.org (2010)
  • Edward L Glaeser, Harvard University
  • Joshua D Gottlieb, University of British Columbia
  • Joseph Gyourko, University of Pennsylvania
Abstract
The debate over the cause of the US housing boom and bust is far from concluded. This column questions the explanation that low interest rates were a critical factor, arguing that it sits uneasily alongside theories of household behaviour and historical evidence. With the causes remaining uncertain, the authors call for more research in this area.
Publication Date
August 28, 2010
Citation Information
Edward L Glaeser, Joshua D Gottlieb and Joseph Gyourko. "Can interest rates explain the US housing boom and bust?" VoxEU.org (2010)
Available at: http://works.bepress.com/joshua_gottlieb/13/