书目名称 | Housing Bubbles | 副标题 | Origins and Conseque | 编辑 | Sergi Basco | 视频video | | 概述 | Explains in detail the different types of housing bubbles.Analyses recent examples of housing bubbles in the US and Spain.Examines the economic consequences of housing bubbles for both households and | 图书封面 |  | 描述 | . “This book provides an accessible, yet formal framework to understand how housing bubbles arise, their international dimension, their consequences, and ways to prevent them.”.Òscar Jordà., University of California, Davis, USA.“Basco’s analysis blends, in a very rigorous but enjoyable manner , state-of-the-art theory and historical examples, adding also a very timely and valuable set of policy orientations.”.Óscar Arce., Director General, Banco de España, Madrid, Spain.Booms and busts of house prices are a recurrent feature throughout history. This book provides a comprehensive overview of the origins and economic consequences of these housing bubbles. The book starts with a formal definition of asset price bubbles and a summary of the most famous episodes, before describing how economists have thought about asset price bubbles; specifically behavioral vs. rational interpretations. These theories are applied to the special case ofhousing and the same framework is used to explain the implications of financial globalization for capital flows and housing bubbles. After analyzing its origins, the economic consequences of housing bubbles for both households and firms are derived and do | 出版日期 | Book 2018 | 关键词 | Housing bubbles; Asset price bubbles; Irrationale v rational bubbles; Spanish credit bubble; Macropruden | 版次 | 1 | doi | https://doi.org/10.1007/978-3-030-00587-0 | isbn_ebook | 978-3-030-00587-0 | copyright | The Editor(s) (if applicable) and The Author(s) 2018 |
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