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. $74.91, new condition, Sold by Booksplease rated 3.0 out of 5 stars, ships from Southport, MERSEYSIDE, UNITED KINGDOM, 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: 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.
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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.