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$BLx@nHOG7!N(J2005$B!O!V>Z7t2=$NLr3d$H2]Bj!W#R#I#E#T#I(J Discussion Paper Series 05-$B#J(J-029$B!!(J2005$BG/#97n(J
Barker, Kate.  “Delivering Stability: Securing Our Future Housing Needs,” Review of Housing Supply: Final Report- Recommendations, March 2004.
Bayoumi, T. and ali Edison, H.  “Is Wealth Increasingly Driving Consumption?” De Nederlandsche Bank Staff Reports 100, 2003
Belsky, E. and Prakken, J.  “HousingWealth Effects: Housing's Impact on Wealth Accumulation,Wealth Distribution and Consumer Spending” prepared for the National Association of Realtors National Center for Real Estate Research, 2004.
Benjamin, J. and Chinloy, P. and Jud, G.  “Real Estate Versus Financial Wealth in Consumption,” Journal of Real Estate Finance and Economics, vol. 29, no. 3, 2004.
Bernanke, B.  “The Global Saving Glut and the U.S. Current Account Deficit,” FRB Speech at the Sandridge Lecture, April 2005.
Bernanke, B. [2007a] “The Subprime Mortgage Market,” Speech at the Federal Reserve Bank of Chicago's 43 rd Annual Conference on Bank Structure and Competition, Chicago, Illinois, 17 May 2007.
Bernanke, B. [2007b] “Subprime Mortgage Lending and Mitigating Foreclosures,” Testimony before the Committee on Financial Services, U.S. House of Representatives, 20 September 2007.
Bernanke, B. [2007c] “The Housing Market and Subpime Lending, ” Speech to the 2007 International Monetary Conference, Cape Town, South Africa, 5 June 2007.
Bernanke, B. [2007d] “Housing, Housing Finance, and Monetary Policy,” Speech at the Federal Reserve Bank of Kansas City's Economic Symposium, Jackson Hole, Wyoming, 31 August 2007.
Bernanke, B. [2007e] “Global Imbalances$B!'(JRecent Developments and Prospects,” FRB Speech at the Bundesbank Lecture, September 2007.
BIS  “Housing Finance in the Global Financial Market,” Committee on the Global Financial System Papers No.26.
Calza, A., Monacelli, T. and Stracca, L.  “Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors Matter? ,” Center for Financial Studies Working Paper No. 2007/10, November 2006.
Canner, G. and Dynan, K. and Passmore, W.  “Mortgage Refinancing in 2001 and Early 2002,” FRB Federal Reserve Bulletin, vol. 88, December 2002
Carroll, C., Otsuka, M. and Slacalek, J.  “How Large Is the Housing Wealth Effect? A New Approach,” Cambridge Mass National Bureau of Economic Research Working Paper 12746, December 2006.
Case, K. and Quigley, J. and Shiller, R.  “Comparing Wealth Effects: The Stock Market Versus the Housing Market,” Advances in Macroeconomics vol. 5 no. 1, 2005.
Catte, P., Girouard, N., Price, R. and André, C.  “Housing Markets, Wealth and the Business Cycle” Economics Department Working Papers No.394, December 2004.
CBO  “Housing Wealth and Consumer Spending,” January 2007.
Chomsisengphet, S. and Pennington-Cross, A.  “The Evolution of the Subprime Mortgage Market,” FRB of St. Louis Review, January/February 2006.
CMHC  “Canadian Housing Observer 2007,” October 2007.
CML  “No Special Relationship: Sub-prime in the UK and US,” CML news & views No.6, April 2007.
Cole, R.  “Subprime Mortgage Market,” Testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, 22 March 2007.
Committee on the Global Financial System, BIS  “The Role of Ratings in Structured Finance: Issues and Implications,” January 2005.
Gan, Y. and Mayer, C.  “Agency Conflicts, Asset Substitution, and Securitization,” National Bureau of Economic Research Working Paper No. 12359, July 2006.
Gerardi, K., Rosen, H. and Willen, P.  “Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market,” National Bureau of Economic Research Working Paper No. 12967, March 2007.
Girouard, Nathalie., Kennedy, Mike., Noord, Paul van den. and André, Christophe.  “Recent House Price Developments: The Role of Fundamentals,” OECD Economic Department Working Papers No.475.
Gramlich, E.  “Subprime Mortgage Lending: Benefits, Costs, and Challenges,” Remarks at the Financial Services Roundtable Annual Housing Policy Meeting, Chicago, Illinois, 21 May 2004.
Greenspan, A. and Kennedy, J.  “Estimates of Home Mortgage Originations, Repayments and Debt on One-to-Four-Family Residences,” FRB Finance and Economics Discussion Series 2005-41, September 2005.
Greenspan, A. and Kennedy, J.  “Sources and Uses of Equity Extracted from Homes,” FRB Finance and Economics Discussion Series 2007-20, March 2007.
Hatzius, J.  “Housing Holds the Key to Fed Policy,” Goldman Sachs Global Economics Paper No. 137, February 2006.
Hoeller, Peter. and Rae, David.  “Housing Markets and Adjustments in Monetary Union,” OECD Economic Department Working Papers No.550.
Iacoviello, M.  “Consumption, House Prices, and Collateral Constraints: A Structural Econometric Analysis,” Journal of Housing Economics vol. 13, 2004.
IMF [2007a] “United States: 2007 Article IV Consultation,” IMF Country Report No.07/264, August 2007.
IMF [2007b] “United States: Selected Issues,” IMF Country Report No. 07/265, August 2007.
IMF [2007c] “Global Financial Stability Report,” April 2007.
IMF [2007d] “Global Financial Stability Report,” September 2007.
IMF [2007e] “World Economic Outlook,” October 2007.
Juster, F. and others  “The Decline in Household Saving and the Wealth Effect,” Review of Economics and Statistics vol. 87 no. 4, 2005.
Klyuev, V. and Mills, P.  “Is Housing Wealth an ‘ATM’? The Relationship between Household Wealth, Home Equity Withdrawal, and Saving Rates,” IMF Working Paper No. 06/162, June 2006.
Kogler, B., Schnare, A. and Willis, T.  “Lender Perspectives on FHA's Declining Market Share,” Research Institute for Housing America, August 2006.
Lehnert, A.  “Housing, Consumption, and Credit Constraints,”FRB Finance and Economics Discussion Series 2004-63, September 2004.
Loutskina, E. and Strahan, P.  “Securitization and the Declining Impact of Bank Finance on Loan Supply: Evidence from Mortgage Acceptance Rates,” National Bureau of Economic Research Working Paper No. 11983, January 2006.
Mishkin, F.  “Housing and the Monetary Transmission Mechanism,” FRB Finance and Economics Discussion Series 2007-40, August 2007.
Muellbauer, John.  “Housing, Credit and Consumer Expenditure,” September 2007.
OECD  “Economic Outlook No.75,” June 2004.
OECD [2007a] “Financial Market Trends No.93,” November 2007.
OECD [2007b] “Economic Outlook No.81,” June 2007.
RBA  “Financial Stability Review,” March 2005.
RBA  “Financial Stability Review,” March 2007.
Reichlin, L.  “Financial Markets and the Real Economy in a Low Interest Rate Environment,” Concluding Panel Discussion at the 13 th International Conference, Institute for Monetary and Economic Studies, Bank of Japan, Tokyo, 2 June 2006.
U.S. Congress Joint Economic Committee.  “The Subprime Lending Crisis,” October 2007.