1. The Housing Bubble
Economist John Taylor blames policy makers (including the Fed) for the Great Recession in the American Economic Review.
Taylor, John. 2014. “The Role of Policy in the Great Recession and the Weak Recovery.” The American Economic Review, 104(5): 61-66.
Here is a 2008 Washington Post article on the housing boom and bust.
Klein, Alec and Zachary Goldfarb, 6/15/08. “The Bubble: How Homeowners, Speculators, and Wall Street Dealmakers Rode a Wave of Easy Money with Crippling Consequences.” Washington Post.
This paper from the Economic Journal is a more academic source. It shows that lenders in areas with rapidly rising housing prices responded by lowering their standards. I encourage you to give it a shot. While the bulk of the paper will probably give you trouble (e.g. the econometric sections), the introduction nicely summarizes the authors’ findings.
Duca, J., Muellbauer, J., and A. Murphy. 2011. “House Prices and Credit Constraints: Making Sense of the US Experience.” Economic Journal, Vol. 121 (552): 533-551.
This policy paper from the Brookings Institute discusses poor housing affordability in the U.S. post-pandemic.
Gyourko, J. March 18, 2026. “Thinking About the Growing Housing Affordability problem. Brooking’s Reserach.
Paul Shea 