Here (from a personal e-mail) is part of his response: [T]he paper was mainly written at the Board in 1982 . . . It came out as an IMF working paper in February 1983 (I was visiting there), and then the same version came out as an International Finance Discussion paper [at the Board of Governors] in September 1983 . . .
We are looking forward to lending data from the second quarter, as well as the latest information from the Canada Mortgage and Housing Corporation about mortgage underwriting practices, which we will receive later this year. In terms of housing market imbalances, we have also seen some lessening in this vulnerability, though it remains elevated.