NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Credit Supply and the Housing Boom

Alejandro Justiniano, Giorgio E. Primiceri, Andrea Tambalotti

NBER Working Paper No. 20874
Issued in January 2015

---- Acknowledgments ----

We thank Tobias Adrian, Larry Christiano, Simon Gilchrist, Cosmin Ilut, Igor Livshits, Ander Perez, Monika Piazzesi, Vincenzo Quadrini, Giacomo Rondina, Martin Schneider, Amir Sufi as well as seminar and conference participants for comments and suggestions. Giorgio Primiceri thanks Bocconi University and EIEF for their hospitality while conducting part of this research. The views expressed in this paper are those of the authors and do not necessarily represent those of the Federal Reserve Banks of Chicago, New York or the Federal Reserve System. Giorgio Primiceri is a consultant for the Federal Reserve Bank of Chicago and a research visitor at the European Central Bank. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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