Knowledge@SMU

Authors

Knowledge@SMU

Publication Type

Journal Article

Publication Date

11-2009

Abstract

World housing markets have gone through a volatile period of boom and bust, triggering the financial crisis and subsequent economic downturn. While it might be tempting for governments to contemplate on housing bubbles by means of monetary policy or direct controls over housing prices, such moves are far more complicated than it seems. Housing prices are influenced by various factors and governments have a limited handle on them at best. Raising interest affects other sectors of the economy - not just housing. So what can governments do? What should be the ultimate goal of housing policy?

Disciplines

Business | Real Estate

Copyright Owner and Holder

Copyright © Singapore Management University 2012

Article ID

1249

Subject(s)

Real Estate

Included in

Real Estate Commons

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