Can interest rates explain the US housing boom and bust?VoxEU.org (2010)
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 DateAugust 28, 2010
Citation InformationEdward 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/