NOTE: Staff working papers in the Finance and Economics Discussion Series (FEDS) are preliminary materials circulated to stimulate discussion and critical comment. The analysis and conclusions set forth are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors. References in publications to the… (More)
This is a discussion of the paper " Housing, Monetary Policy, and the Recovery, " Any views expressed are my own and do not necessarily reflect the views of the Federal Open Market Committee.
and conference participants for helpful comments and discussions. We would like to extend a very special thanks to Michelle Meyer of Bank of America Merrill Lynch who tirelessly worked to ensure that we were on top of data and policy developments in the housing market. West thanks the National Science Foundation for financial support. While the economy… (More)