Era of Benign Neglect of House Price Booms is Over

From iMFdirect - The IMF Blog Wed Jun 11 2014, 18:05:19

By Min Zhu (Version in 中文) House prices are inching up.  But is this a cause for much cheer?  Or are we watching the same movie again? Recall how after a decade-long boom, house prices started to fall in 2006, first in the United States and then elsewhere, contributing to the 2008-9 global financial crisis. In [...]

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