House Prices and the Macroeconomy is popular PDF and ePub book, written by Charles Goodhart in 2007, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, House Prices and the Macroeconomy can be Read Online from any device for your convenience.
House Prices and the Macroeconomy Book PDF Summary
House price bubbles, and their aftermath, have become a focus of macro-economic policy concern in most developed countries. This book elucidates the two-way relationship between house-price fluctuations and economic fundamentals. Housing has many features which make it distinct from other assets, like equity. Real estate is not only an asset but also a durable consumption good for households, providing shelter and other housing services. As a result, a house is often the largest and most important asset of households and therefore accounts for a major share of household wealth. Similarly a large share of bank assets is tied to housing values. House price fluctuations may, therefore, have a major effect on economic activity and the soundness of the financial system. Following an introductory chapter, the book is structured into three parts. The first demonstrates the importance of house prices as determinants or indicators of inflation and economic activity. The second focuses on the inter-relationships between bank credit extension and housing prices, and how bubbles can lead to financial crises. The third discusses resultant public policy issues, such as whether, and how, to include housing prices in a general inflation index, and how to restrain the housing/bank credit cycle.
Detail Book of House Prices and the Macroeconomy PDF
- Author : Charles Goodhart
- Release : 01 October 2024
- Publisher : Oxford University Press
- ISBN : 9780199204595
- Genre : Business & Economics
- Total Page : 247 pages
- Language : English
- PDF File Size : 18,6 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book House Prices and the Macroeconomy by Charles Goodhart, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.