Researcher at San Francisco Fed warns of Excessive Easy Monetary Policy
Today we see an article, Betting the house: Monetary policy, mortgage booms and housing prices by Oscar Jorda, Moritz Schularick, Alan Taylor. They warn of excessive easy monetary policies. Their research uses a large data set. “In our new paper (Jordà et al. 2014), we analyse the link between monetary conditions, mortgage credit growth, and […]