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 ...
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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.
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Add this copy of Rethinking Housing Bubbles: the Role of Household and to cart. $29.20, very good condition, Sold by ThriftBooks-Atlanta rated 5.0 out of 5 stars, ships from Austell, GA, UNITED STATES, published 2014 by Cambridge University Press.
Add this copy of Rethinking Housing Bubbles: the Role of Household and to cart. $32.50, good condition, Sold by Second Story Books rated 4.0 out of 5 stars, ships from Rockville, MD, UNITED STATES, published 2014 by Cambridge University Press.
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Book. Octavo; VG-; black/orange spine with orange and white text; first edition; cloth exterior has very mild wear; tight binding; strong boards; no jacket; text block exterior edges have very light yellowish color; remainder mark to exterior tail edge; slight ink to few first pages; otherwise interior clean; illustrated; pp 293. 1358177. FP New Rockville Stock.
Add this copy of Rethinking Housing Bubbles to cart. $58.70, very good condition, Sold by Books International rated 3.0 out of 5 stars, ships from Toronto, ON, CANADA, published 2014 by Cambridge University Press.
Add this copy of Rethinking Housing Bubbles: the Role of Household and to cart. $64.75, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2014 by Cambridge University Press.
Add this copy of Rethinking Housing Bubbles: The Role of Household and to cart. $79.26, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2014 by Cambridge University Press.
Add this copy of Rethinking Housing Bubbles: the Role of Household and to cart. $94.79, new condition, Sold by BargainBookStores rated 4.0 out of 5 stars, ships from Grand Rapids, MI, UNITED STATES, published 2014 by Cambridge University Press.
Add this copy of Rethinking Housing Bubbles: the Role of Household and to cart. $181.49, new condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2014 by Cambridge University Press.
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First edition of this work by the Nobel Prize-winning economist. Octavo, original glossy boards. Signed and dated by Vernon Smith on the title page. In fine condition. From backgrounds in experimental economics, Steven Gjerstad and Nobel laureate Vernon L. Smith examine events that led to and resulted from the recent U.S. housing bubble and collapse, as a case study in the formation and propagation of balance sheet crises. They then examine all previous downturns in the U.S. economy, including the Great Depression, and document substantive differences between the recurrent features of economic cycles and financial crises and the beliefs that public officials hold about them, especially within the Federal Reserve System. They conclude with an examination of similar events in other countries and assess alternative strategies to contain financial crises and to recover from them.
