House Price Booms and the Current Account

Klaus Adam, Pei Kuang, Albert Marcet

NBER Working Paper No. 17224
Issued in July 2011

---- Acknowledgments ----

We thank Lars Hansen, Michael Woodford and Daron Acemoglu for useful comments. All errors are our own. Marcet acknowleges funding from Research project number ECO2008-04785, Plan Nacional, Ministerio de Educación y Ciencia, Spain, and Generalitat de Catalunya. 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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