Go to the following website and open the pdf file:

http://www.federalreserve.gov/pubs/feds/2009/200949/200949pap.pdf

Describe at least six of the following elements: (1) Low ratesaccompanied increase in demand for housing, (2) Loose versus tight monetary policy, (3) Taylor Rule, (4) Policy assessment and outcomes, (5) Rise of cheap and available credit stimulated housing demand, (6) Evaluate monetary policy by how effective it is in attaining goals, (7) Evidence that monetary policy played a role by the timing of housing boom, (8) Evidence that monetary policy played a role by economic simulation models, and (9) Evidence that monetary policy played a role by other research.