Recent quotes:

Morning Must-Read: Òscar Jordà, Moritz Schularick, and Alan Taylor: Monetary Policy and Housing Prices: Lessons from 140 Years - Washington Center for Equitable Growth

Òscar Jordà, Moritz Schularick, and Alan Taylor: Monetary Policy and Housing Prices: Lessons from 140 Years: “Housing played a major role in the Global Crisis… …and some worry that the ultra-low interest rate environment is inflating new housing bubbles.  Using 140 years of data from 14 advanced economies, this column provides a quantitative measure of the financial stability risks that stem from extended periods of ultra-low interest rates.  The historical insights suggest that the potentially destabilising by-products of easy money must be taken seriously
#Economic-History #Oscar-Jorda #Moritz-Schularick #Alan-Taylor #Bubbles - equitablegrowth.org