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Record Nr. |
UNINA9910777038503321 |
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Autore |
Goodhart C. A. E (Charles Albert Eric) |
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Titolo |
House prices and the macroeconomy [[electronic resource] ] : implications for banking and price stability / / Charles Goodhart and Boris Hofmann |
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Pubbl/distr/stampa |
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Oxford ; ; New York, : Oxford University Press, 2007 |
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ISBN |
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1-383-03438-9 |
1-280-75417-6 |
0-19-151403-9 |
1-4294-7023-2 |
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Descrizione fisica |
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1 online resource (247 p.) |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Housing - Prices |
Prices |
Monetary policy |
Economic indicators |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references (p. 211-224) and index. |
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Nota di contenuto |
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House prices and the macroeconomy : overview -- House prices as predictors of consumer price inflation? -- Financial conditions indices -- The Phillips curve, the IS curve, and monetary transmission -- Goods and asset price deflations -- House prices and bank credit -- Bank regulation and macroeconomic fluctuations -- Default, credit growth and asset prices -- What role for house prices in the measurement of inflation? -- A second Central Bank instrument? -- House price fluctuations and public policy. |
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Sommario/riassunto |
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The macroeconomic implications of asset price flucuations have received increasing attention in academic and policy circles recently, in large part due to the recent boom-bust bubbles in the equity and now housing markets. This book aims to investigate the role of asset prices for various aspects of the macroeconomy. - ;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 |
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