Jerry Tempelman: Cause and effect


With the link between the fed funds rate and mortgage rates unproven, accommodative monetary policy from the Fed had less bearing on the housing bubble than many believe.

There is a growing belief that cheap monetary policy from the Federal Reserve caused, or at least was a major contributor to, the recent housing bubble. Those that support this view argue monetary policy was overly accommodative for too long following the 2001 economic recession, providing unduly cheap financing and spurring dem

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: