To the extent that such events are rare, the coordination problem may be of limited practical significance. 5. Concluding remarks  Public debt and unemployment are likely to remain very high, and the current problems in the financial sector will persist, for some years to come, making for the most hostile environment for monetary policy since the 1970s.
They influence consumer spending, including through the spending that occurs when people move homes. They also influence the amount of building activity that takes place. Changes in housing prices also have an impact on access to finance by small business by affecting the value of collateral for loans. And finally, they can affect the profitability of our financial institutions.