According http://www.federalreserve.gov/pubs/feds/2009/200949/200949pap.pdfWhat is the authors' position regarding the role of US monetary policy andthe housing market bubble during the early 2000's? Why?"

1) Low ratesaccompanied increase in demand for housing. Explain and give Example

2) Loose versus tight monetary policy.Explain and give Example

3) Taylor RuleExplain and give Example

4) Policy assessment and outcomes Explain and give Example

5) Rise of cheap and available credit stimulated housing demandExplain and give Example

6) Evaluate monetary policy by how effective it is in attaining goalsExplain and give Example

7) Evidence that monetary policy played a role by the timing of housing boom Explain and give Example

8) Evidence that monetary policy played a role by economic simulation models Explain and give Example

9) Evidence that monetary policy played a role by other research.Explain and give Example

Also, Discuss how we know that monetary policy played a role in housing market developments:

1) Timing of the housing boom

2) Economic simulation models

3) Other research