COMMENT BY CENTRALBANKNET

The fear that demand in many leading economies has been sustained only by a housing and real estate "bubble" is often seen as one of the biggest risks facing monetary policymakers.

Risks of the housing bubbles

A recent IMF report on the eurozone dedicates an entire chapter to the issue of house prices and monetary policy, noting that issues of house prices and its implications for price stability "have loomed large in recent ECB communications". The Bank of England has commented upon and

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