Too Much Bubbly at the Fed?


 

Publication Date: July 2004

Publisher: Center for Economic and Policy Research

Author(s): Dean Baker

Research Area: Social conditions

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.