Rethinking Housing Bubbles (BOK)

Steven D Gjerstad & Vernon L Smith

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In this highly original piece of work, Steven D. Gjerstad and Nobel Laureate Vernon L. Smith analyze the role of housing and its associated mortgage financing as a key element of economic cycles. The authors combine data from both laboratory and real markets to provide insight into the bubble propensity of real-world economic actors and use novel historical analysis on the Great Recession, the Great Depression, and all of the post-World War II recessions to establish the critical roles of housing, private-capital investment, and household and private institutional balance sheets in economic cycles. They develop a model that incorporates household balance sheets and bank balance sheets and offers insights based on this analysis concerning policy going forward, effectively changing the way economists think about economic cycles.

Produktfakta

Språk Engelsk Engelsk Innbinding Innbundet
Utgitt 2014 Forfatter Steven D Gjerstad & Vernon L Smith
Forlag
CAMBRIDGE UNIVERSITY PRESS
ISBN 9780521198097
Antall sider 296 Dimensjoner 15,9cm x 23,8cm x 2,2cm
Vekt 540 gram Leverandør Bertram Trading Ltd