How to Deal with Real Estate Booms : Lessons From Country Experiences

WPIEA2011091 Image
Price:  $18.00

Author/Editor: Pau Rabanal, Christopher W. Crowe, Giovanni Dell'Ariccia, Deniz Igan
Release Date: © April, 2011
ISBN : 978-1-45525-330-2
Stock #: WPIEA2011091
Stock Status: On back-order

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The financial crisis showed, once again, that neglecting real estate booms can have disastrous consequences. In this paper, we spell out the circumstances under which a more active policy agenda on this front would be justified. Then, we offer tentative insights on the pros and cons as well as implementation challenges of various policy tools that can be used to contain the damage to the financial system and the economy from real estate boom-bust episodes.


Business cycles , Demand , Economic development , Economic policy , Economic sectors , Fiscal policy , Monetary policy , Private sector

More publications in this series: Working Papers

More publications by: Pau Rabanal ; Christopher W. Crowe ; Giovanni Dell'Ariccia ; Deniz Igan