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Too Much Bubbly at the Fed?

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Publication Date: July 2004

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker

Topic: Social conditions (Housing)

Keywords: Home improvement; House Price Index (HPI); Vacancy rate

Type: Report

Coverage: United States

Abstract:

This paper shows that the Federal Reserve Bank of New York study attributing part of the increase in housing prices to lower interest rates is contradicted by available data.