Rethinking Housing Bubbles
(Sprache: Englisch)
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...
Leider schon ausverkauft
versandkostenfrei
Buch
60.70 €
30 DeutschlandCard Punkte
sammeln
- Lastschrift, Kreditkarte, Paypal, Rechnung
- Kostenlose Rücksendung
- Ratenzahlung möglich
Produktdetails
Produktinformationen zu „Rethinking Housing Bubbles “
Klappentext zu „Rethinking Housing Bubbles “
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.
Inhaltsverzeichnis zu „Rethinking Housing Bubbles “
1. Economic crises, economic policy, and economic analysis; 2. Goods and service markets vs. asset markets; 3. Asset performance: housing and the Great Recession; 4. The Great Depression; 5. The postwar recessions; 6. What may have triggered or sustained the housing bubble, 1997-2006?; 7. The bubble bursts: subprime mortgages, derivatives, and banking collapse; 8. Blindsided experts; 9. What might be done?; 10. Learning from foreign economic crises: consequences, responses, and policies; 11. Summarizing: what have we learned?
Autoren-Porträt von Steven D. Gjerstad, Vernon L. Smith
Steven D. Gjerstad is a presidential Fellow at Chapman University in Orange, California. After receiving his PhD in economics from the University of Minnesota, he worked for ten years on theoretical and computational models of market price adjustment processes and on experimental tests of those models. His work on price adjustment has appeared in Economic Theory, Games and Economic Behavior, and the Journal of Economic Dynamics and Control. In the past five years, the emphasis of his work has shifted toward an examination of adjustment processes in the aggregate economy, with an emphasis on financial crises and economic restructuring. That work has been published in the Wall Street Journal, the Critical Review, The American Interest magazine, and the Cato Journal, as well as by the National Bureau of Economic Research.
Bibliographische Angaben
- Autoren: Steven D. Gjerstad , Vernon L. Smith
- 308 Seiten, Maße: 15,7 x 23,5 cm, Gebunden, Englisch
- Verlag: Cambridge University Press
- ISBN-10: 0521198097
- ISBN-13: 9780521198097
- Erscheinungsdatum: 04.12.2017
Sprache:
Englisch
Kommentar zu "Rethinking Housing Bubbles"
0 Gebrauchte Artikel zu „Rethinking Housing Bubbles“
| Zustand | Preis | Porto | Zahlung | Verkäufer | Rating |
|---|
Schreiben Sie einen Kommentar zu "Rethinking Housing Bubbles".
Kommentar verfassen