from Renewing America

New Zealand Offers Lessons for the U.S. Housing Bubble

New Zealand resident Brett Plumer nails a national flag to his house in Auckland (Bogdan Cristel/Courtesy Reuters).

November 18, 2013

New Zealand resident Brett Plumer nails a national flag to his house in Auckland (Bogdan Cristel/Courtesy Reuters).
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Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions.

The Federal Reserve may have lessons to learn from New Zealand about managing a mortgage market. In an op-ed for Bloomberg, CFR Adjunct Senior Fellow Peter Orszag explains that by imposing limits on high loan-to-value mortgages, the Reserve Bank of New Zealand is helping to manage housing prices.

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