House Prices, Household Debt and Monetary Policy

6 Pages Posted: 27 Apr 2005

See all articles by Stephen Nickell

Stephen Nickell

University of Oxford - Nuffield Department of Medicine; Bank of England - Monetary Policy Committee

Abstract

In this speech, Stephen Nickell, a member of the Bank's Monetary Policy Committee, addresses the question: should we keep interest rates higher than would be required to hit the inflation target during 2004 in order not to encourage further debt accumulation and increases in house prices? He argues that the right answer to the question is no.

Suggested Citation

Nickell, Stephen, House Prices, Household Debt and Monetary Policy. Bank of England Quarterly Bulletin, Spring 2003, Available at SSRN: https://ssrn.com/abstract=707085

Stephen Nickell (Contact Author)

University of Oxford - Nuffield Department of Medicine ( email )

New Road
Oxford, OX1 1NF
United Kingdom

Bank of England - Monetary Policy Committee ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

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