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

by Renewing America Staff
November 18, 2013

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

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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  • Posted by Curtis Valentine

    International best practices in public policies deserve more attention and I’m glad Peter has highlighted lesson learns from New Zealand. Similar lesson in healthcare, criminal justice, and education need to be applied [where necessary] in the U.S. as well.

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