“Interview with Lars E.O. Svensson,” in Global Housing Watch Newsletter, March 30, 2015, where I answer the following questions:
- The need to keep monetary policy rates low to support an ailing economy, but at the same time, manage a boom in the housing market—that’s the scenario in which many policymakers around the world find themselves in. How should policymakers approach this type of scenario?
- Can monetary policy be used to manage problems associated with a housing boom?
- How can policymakers assess whether household debt poses a problem?
- So, if monetary policy is not suitable, how can any problems with household debt be handled?