First is the direct effect on inflation, which is captured in the "owned accommodation" component of the consumer price index. Second is the indirect impact on household spending. And third is the impact that a rapid change in prices – the inflating or deflating of a bubble – can have on the real economy. Let me discuss each of these in turn.
Therefore, it is necessary to review such measures in a timely manner and thoroughly discuss fiscal restructuring over a medium- to long-term period in order to achieve balanced and sustainable growth. BIS Review 26/2010  7