Conference on Housing, Stability, and the Macroeconomy: International Perspectives
介绍JMCB特刊，聚焦住房泡沫、全球金融危机及后续衰退，探讨住房繁荣与萧条的国内外因素、住房对实体经济的影响、货币政策应对、住房金融改革及宏观经济学与宏观审慎政策的教训。
This article provides an introduction to the JMCB special issue on housing bubbles, the global financial crisis, and the ensuing recessions in countries that experienced housing busts. We focus on five themes that are important for policymakers and researchers alike: the domestic and international factors driving housing booms and busts, the relevance of the housing sector for the real economy, how monetary policy should react to housing booms and busts, how housing and mortgage finance reform could affect financial stability, and the broad lessons learned for macroeconomics and macroprudential policy.